Examlex
What are some of the policy tools used by supply-side economists,and how do they work?
Efficiency
The state or quality of being capable of producing desired results with a minimum expenditure of energy, time, money, or materials.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net benefits to society from the production and consumption of goods or services.
Property Rights
Legal rights to use, control, and benefit from owning property, both tangible and intangible.
Economic Signals
Indicators or pieces of data that inform individuals or markets about the health of the economy or trends in economic activity, potentially guiding decision-making.
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