Pearson Edexcel IAL Economics 2.3.6.3b Free market policies: • deregulat

Practise recognising free-market supply-side policies and explaining how deregulation, privatisation and lower bureaucracy affect productivity.

Exam points

distinguish free-market supply-side policies from interventionist or fiscal measures
apply deregulation, privatisation or bureaucracy cuts to firm costs and productivity

[Maximum number: 1]

Japan's productivity is significantly lower than the productivity of France and Italy. The Government of Japan aims to increase the country's productivity.

Which one of the following is a free market supply-side policy?

Investment in education and training

Privatisation of state-owned industries

Investment in infrastructure projects

Providing finance for business start-ups

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2.3.6.3b - Free market policies: • deregulation of product and labour markets • privatisation • question 1