Supply-side economics is an economic theory that emphasizes the importance of boosting production to stimulate economic growth. It suggests that lower taxes and reduced regulation for businesses and individuals can lead to increased investment, job creation, and overall economic expansion. By encouraging people to work, save, and invest, supply-side economics aims to enhance the supply of goods and services in the economy. Proponents of supply-side economics argue that when producers have more capital, they can innovate and improve efficiency. This theory gained prominence during the presidency of Ronald Reagan in the 1980s, often referred to as "Reaganomics," which implemented tax cuts and deregulation to spur economic growth.