Answer:
Supply-side policies are designed to increase the production of goods and services by incentivizing producers through tax cuts, deregulation, and other market-friendly policies. The main benefit of supply-side policies is that they can boost economic growth, create jobs, and increase the standard of living by increasing the supply of goods and services in the economy. However, critics argue that supply-side policies primarily benefit the wealthy and exacerbate income inequality by giving tax breaks to the rich, and that they can lead to budget deficits and higher national debt if not implemented carefully. Additionally, some believe that supply-side policies may lead to environmental degradation and damage to social safety nets.
Step-by-step explanation: