Reaganomics

Rea·gan·om·ics

R5075700 (rā′gə-nŏm′ĭks)n. The supply-side fiscal policies introduced during the presidency of Ronald Reagan.

[Blend of the name of Ronald Wilson Reagan and economics.]

Reaganomics

the economic theories and policies of the administration of President Ronald Reagan (1981- ), basically a policy of supply-side economics with emphasis on defense spending, encouragement of private and corporate development and investment, and reduction in government spending on social services.See also: Economics

Reaganomics

An informal term for supply-side economics, which is a macroeconomic theory stating that a government can best promote growth by providing incentives for persons to produce goods and services. The primary way a supply-side oriented government does this is by maintaining low tax rates so that investors and entrepreneurs may use their money toward production. Maintaining low tax rates on the wealthy is one of the most important and controversial aspects of supply-side economics; the theory states that well off persons have the capital available to produce goods and services and thereby create jobs and grow the economy. Critics contend that this does not happen in reality, and that the wealthy are more likely to keep, rather than invest, their money. Reaganomics acquired the name because it was crucial to the economic policies of the administration of U.S. President Ronald Reagan. See also: Keynesian economics, Monetarism, Trickle-down economics.

单词	reaganomics
释义	Reaganomics Rea·gan·om·ics R5075700 (rā′gə-nŏm′ĭks)n. The supply-side fiscal policies introduced during the presidency of Ronald Reagan. [Blend of the name of Ronald Wilson Reagan and economics.] Reaganomics the economic theories and policies of the administration of President Ronald Reagan (1981- ), basically a policy of supply-side economics with emphasis on defense spending, encouragement of private and corporate development and investment, and reduction in government spending on social services.See also: Economics Reaganomics Reaganomics An informal term for supply-side economics, which is a macroeconomic theory stating that a government can best promote growth by providing incentives for persons to produce goods and services. The primary way a supply-side oriented government does this is by maintaining low tax rates so that investors and entrepreneurs may use their money toward production. Maintaining low tax rates on the wealthy is one of the most important and controversial aspects of supply-side economics; the theory states that well off persons have the capital available to produce goods and services and thereby create jobs and grow the economy. Critics contend that this does not happen in reality, and that the wealthy are more likely to keep, rather than invest, their money. Reaganomics acquired the name because it was crucial to the economic policies of the administration of U.S. President Ronald Reagan. See also: Keynesian economics, Monetarism, Trickle-down economics.
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