Mnemonic Monday - Supply side policies

This week’s mnemonic is really good for both GCSE and A level. I’ve included the graph but for GCSE you can just get your class to learn the words.

Supply side policies breathe LIFE into an economy and produce EPIC results. Click read more to find out what this means

There are four areas in which supply side policies can be introduced. (LIFE)

Labour
Industry
Finance
Enterprise

The effect of supply side policies: (EPIC)

They improve efficiency
They increase productivity
They provide incentives
They make the country more competitive