Supply-Side Theory is an economic concept that emphasizes boosting production as a way to stimulate economic growth. It suggests that lower taxes and reduced regulation for businesses can lead to increased investment, job creation, and overall economic expansion. By making it easier for companies to operate, the theory argues that the benefits will trickle down to consumers through more jobs and lower prices. Proponents of Supply-Side Theory often advocate for policies that favor the wealthy and corporations, believing that their increased wealth will lead to greater spending and investment. This approach contrasts with Demand-Side Theory, which focuses on increasing consumer demand to drive economic growth. Key figures associated with Supply-Side Theory include economists like Arthur Laffer, known for the Laffer Curve, which illustrates the relationship between tax rates and tax revenue.