Advocates of which economic policies argue for reduced government intervention in business?

Supply-side policies advocate for reduced government intervention in business by emphasizing that economic growth can be most effectively achieved by lowering barriers for people to produce (supply) goods and services. This approach often involves reducing taxes, decreasing regulation, and promoting free market principles. The rationale is that when businesses are less encumbered by government rules and taxes, they have more freedom to invest, produce, and innovate, thereby increasing overall economic activity and efficiency.

In contrast, demand-side policies focus on stimulating demand in the economy through government spending and fiscal measures, which inherently involves a greater level of government intervention. Keynesian policies, rooted in the ideas of John Maynard Keynes, also favor intervention during economic downturns to boost demand. Monetary policies, while they can influence economic conditions by managing money supply and interest rates, do not directly advocate for a general reduction of governmental role in business as supply-side policies do. Thus, supply-side policies distinctly promote a framework that aims for less government interaction with the economic landscape.