Refers to the set of policies implemented by President Ronald Reagan in the 1980s aimed at stimulating economic growth through tax cuts, deregulation, and reduced government spending.
Related terms
Supply-side Economics: An economic theory emphasizing tax cuts and deregulation to stimulate investment, production, and overall economic growth.
Trickle-down Economics: The belief that reducing taxes on businesses and high-income individuals will lead to increased investment and ultimately benefit society as a whole.
Deregulation: The process of removing or reducing government regulations on industries with the goal of promoting competition and efficiency.