Supply-side policies
Government policies aimed at increasing the productive capacity of the economy and improving market efficiency.
Supply-side policies focus on the long-term potential growth of an economy, unlike demand-side policies which target short-term economic fluctuations.
The primary goal of supply-side policies is to boost the economy's productive potential. This is achieved by:
Singapore's SkillsFuture program provides citizens with training credits to upgrade their skills, directly contributing to increased workforce productivity and economic capacity.
Supply-side policies aim to make markets more competitive and efficient by:
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