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What Is Supply-Side Economics, and How Does It Differ from the Keynesian

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Essay

What is supply-side economics, and how does it differ from the Keynesian emphasis on fiscal policy?

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Definitions:

Sole Proprietorship

A company that is both owned and run by one person, with no separate legal identity between the proprietor and the business itself.

Separate Legal Entity

A business structure that is legally considered an independent entity separate from its owners, such as a corporation or LLP.

Limited Partnership

A partnership with general and limited partners.

Limited Liability

A legal structure that protects a company's owners or investors from being personally liable for the company's debts or liabilities beyond their investment in the company.

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