Industry is the supply side of the market.

Question 20 options:

True

False

True

Explanation:

The supply side of the market focuses on production. The supply-side policies aim at increasing production as a way of creating demand for products. Improving supply-side will lead to sustained growth without a rise in inflation.

The industry is the heart of the supply-side in the market. Focusing on the supply side involves increasing its competitiveness. Improving the supply side include lowering income tax and reducing the influence of trade unions.