Trickle-Down Economics: This term refers to Reagan's economic theory that reducing taxes on businesses and wealthy individuals would stimulate economic growth, benefitting everyone.
Deregulation: This term refers to Reagan's efforts to reduce government regulations on industries such as banking, energy, and transportation, aiming to promote free market competition.
Supply-Side Economics: Also known as "Reaganomics," this term describes the idea that cutting taxes and decreasing government spending can boost economic growth by increasing investment and productivity.