Hope
Government regulation on private enterprise and thus, by enlarging the potential profits of corporations, encourage additional in vestment higher productivity and renewed economic growth. These were the central elements of supply-side economics the guiding doctrine of the two leaders
Implicit in this government decision to provide businesses with increased incentives to invest, take risks, and work harder were the hopes that technology good reduce the costs of alternatives to oil as an energy source and that the non-energy sectors of the economy, such as data processing and scientific agriculture, would experience rapid growth as a result of encouragements to invention and innovation.
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