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Home Q & A Board Other Fields Homework Help Sociology
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biochicka biochicka
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Posts: 307
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9 years ago
True/False

Supply side economics believe that if you cut taxes to companies and the wealthy this will help stimulate the economy because then these companies and people will have more money to invest in the economy. Supply-side economics is associated with Socialism.
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wrote...
#1
Educator
9 years ago
Hello Biochicka,

Supply side economics is an economics theory built around the idea that by giving the rich enough money, tax breaks and deregulation, they will be freed from the constraints that allegedly prevent them from expanding their businesses and hiring more people.
biochicka Author
wrote...
#2
9 years ago
I think it's true but then the last sentence is getting to me... Is it associated with Socialism? Thanks for the help btw Slight Smile
wrote...
#3
Educator
9 years ago
Quote from: biochicka (9 years ago)
Supply-side economics is associated with Socialism.

That part I'm not in agreement with. I believe that is anti-socialism.
biochicka Author
wrote...
#4
9 years ago Edited: 9 years ago, biochicka
Oh, thanks! Slight Smile
Post Merge: 9 years ago

Sorry to bother you, but do you have a simple definition for Socialism? It's a very confusing term... Thanks in advance Slight Smile
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