The economic policies implemented during Ronald Reagan's presidency in the 1980s which included tax cuts for businesses and wealthy individuals, reduced government regulation, and increased defense spending.
Related terms
Trickle-down economics: An economic theory associated with Reaganomics that suggests tax breaks for the wealthy and businesses will benefit the entire economy as wealth trickles down from the top.
Supply-side economics: A theory that emphasizes increasing production and supply of goods in order to stimulate economic growth.
Deregulation: The removal or reduction of government regulations on industries and businesses.