Demand-Side Economics and Supply-Side Economics Research

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Demand-Side Economics and Supply-Side Economics
There are two schools of thought when it comes to reviving a weak economy; one of the schools relates to the approach based on the supply chain and the other is related to the demand chain. The supply chain approach is referred to as the supply side economics while the other one is referred to as the demand side economics. These are approaches that also have different political divides with reference to the parties supporting either of the divide.
The supply side economics is interestingly referred to as ‘Reaganomics’, relative to the fact that it was introduced by president Ronald Reagan. According to this approach the best way to revive an economy is through incentivizing the suppliers. The idea behind the approach is basically related to giving th...