Search results
Results from the WOW.Com Content Network
Supply-side economics is a macroeconomic theory postulating that economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. [1] [2] According to supply-side economics theory, consumers will benefit from greater supply of goods and services at lower prices, and employment will increase. [3]
A supply is a good or service that producers are willing to provide. The law of supply determines the quantity of supply at a given price. [5]The law of supply and demand states that, for a given product, if the quantity demanded exceeds the quantity supplied, then the price increases, which decreases the demand (law of demand) and increases the supply (law of supply)—and vice versa—until ...
Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15] On the supply side, OPEC (or the Organization of the Petroleum Exporting Countries) has a great deal to do with the price of gasoline, both in the United States and around the world. The speculation of oil commodities can also ...
Ultimately, the price for any market commodity, from gasoline to orange juice to even the stock market, comes down to supply and demand. In the case of gasoline, the supply-demand dynamic for oil ...
Supply theories are based on the neo-Keynesian cost-push model and attribute stagflation to large disruptions to the supply side of the supply-demand market equation, such as when there is a sudden scarcity of key commodities, natural resources, or the natural capital needed to produce goods and services. [22]
Consumers will then benefit from a greater supply of goods and services at lower prices. The term "supply-side economics" was thought for some time to have been coined by journalist Jude Wanniski in 1975, but according to Robert D. Atkinson's Supply-Side Follies [45] the term "supply side" ("supply-side fiscalists") was first used in 1976 by ...
For premium support please call: 800-290-4726 more ways to reach us
Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the average of 88 cents over the past five years.