Supply-side economics

Economic theory that contends pro-growth economic policies such as limited regulation and a reduction in tax burden for individuals and businesses results in greater savings and investment in private enterprise, rather than funding government programs and agencies. Private sector expansion leads to an increased supply of goods and services, improvements in technology and innovation, and reduced costs. Supply side economics is sometimes referred to by detractors as trickle-down economics and is diametrically opposed to demand side economics.