Male And Female Leaders Challenges Within The Global World...

Male and female leaders continually face challenges within the global world and workplace today. One of the biggest challenges faced, is public perception, culture and stereotypes. Part of research shows these differences in views threw gender dynamics. Men are viewed as dominate and strong. Women are viewed as caring for others and nurturing. Additionally, workplace stereotypes have caused serious problems in the past. This will need to change to a great extent if America is going to be successful in the future. This topic is highly debated and controversial. In the past, many have tried to go over why there are fewer female leaders, even though the number of women increases the workforce. This is researched, factoring in genetic makeup and conduct; based on what part of the world leaders are being addressed. Second, within work environments there is controversy. Leaders of the past are not how leaders are viewed today. Leaders were associated with males, and sororities and convents with females. Traditional strengths are still in place, but more competencies and traits have been added to job description or duties. Some traditional strength consists of innovation, motivation and vision. Whether male or female leaders, the need to lead through influence, enhance relationships and understand and appreciate cultures. This is discussed in the article â€Å"How Leadership Has Changed† by author Carol Stephenson. Third, statistical information varies. Specifically, the view of malesShow MoreRelatedChanging Faces Within The Workforce938 Words   |  4 Pagesnational origins, weight of a person, sexual orientation, and religion to name a few. As a leader, ensuring that all employees receive a fair and equitable evaluation may be a challenge for some; this has been recognized as a crucial part of the overall success of any establishment or corporation. Changing faces within the workforce Before anyone can truly understand the issues surrounding diversity within our workforce, it is safe to say that they have to understand the meaning. WorkforceRead MoreOrganizational Diversity At The Workplace1355 Words   |  6 PagesDiversity in the Workplace I. Introduction: Today, more and more organizations are moving towards the analysis of how to implement diversity as a core value. For an organization to hold people accountable for diversity expectations, leaders must implement, have a clear understanding, and practice diversity policies and procedures (Williams, 2013). By outlining a foundation together with a lateral approach leaders can encourage diversity understanding (Williams, 2013). Knowledgeable leaders are able toRead MoreThe Perceived Challenges of Women in Leadership Positions That Prevents Them from Climbing the Corporate Ladder2114 Words   |  9 PagesThe Perceived Challenges of Women in Leadership Positions That Prevents Them from Climbing the Corporate Ladder Introduction For years, women have encountered gender bias in the corporate environment. Men have dominated the workplace making it difficult for women to advance in power and leadership. Gender bias has become problematic for the career oriented women creating barriers such as stereotyping, job advancement, power imbalance, and unequal wages. Hymowitz and Schellhardt (1986) describedRead MoreEssay Diverse Workforce1538 Words   |  7 Pageshave contracts to work at the organization. This internal labor force has been drawn from the organization’s external labor market, that is, individuals who are actively seeking employment. With the development of the world, the labor force also changes. There are three major trends today in the change in labor force: 1. An aging working, 2. Diverse working, 3. Skills deficiencies of workforce. This report will talk about one of the three major trends in the change of labor force --- Diverse WorkforceRead MoreDiversity in Workplace1483 Words   |  6 PagesThe people of different background, races, religion creates diverse workforce. There is an importance of having diverse workforce to provide better performance. There are perspectives of managing the diverse workforce, which require organization leaders and managers of being responsible of attaining better diverse workforce. INTRODUCTION Diversity means differences, difference of age, sex, race, religion and culture etc. People with different demographic differences working in the organizationRead MoreStrength And Strength Of Leadership1791 Words   |  8 PagesThroughout centuries, strength in leadership was associated with leadership roles in men. Today, it is seen as a trait in both sexes. Before discussing strength in leadership as a trait in women, strength in leadership must be defined. Strength in leadership differs from brute strength and ability to lift heavy weights. This form of strength in leadership differs from strict authoritarian strength in power associated with wealth and might in traditional leadership. Strength in leadership is foundRead MoreHow Education Affects Women s Leadership3516 Words   |  15 Pagesbeen misrepresentation of women in leadership positions, which exist in both the workplace and education institutions globally. Across the globe women are behind men in education, leadership positions, and having a voice in the workplace. This remains a growing issue for female leaders in the global business world. The question is what factors are contributing to the low percentage of women in leadership positions today. Women and the Effects of Education Communication on LeadershipRead MoreHuman Rights Violations to Afghan Women1492 Words   |  6 Pagespersecuting their offenders. In addition, women’s literacy rates are at about 12%, while men literacy rate is 43%. This low literacy rate is a direct result of the poor public education system in Afghanistan. Along with this low education rate, female teachers are limited as well. Ultimately, families are worried about the safety of sending their daughters to school and are given threats from the Taliban and resistance from some local elders. This gap in education, for young girls, directly impactsRead MoreGender Diversity Case Study2730 Words   |  11 PagesIntroduction Diversity can be defined as the differences among the people working in the same workplace. Those differences can be related to gender, race, religion, marital status, sexual orientation, culture or personalities. Managing diversity within organisation is about ‘recognising this range of differences in people and valuing people as individuals, respecting their differences and their differing needs. It is also about accommodating differences wherever possible so that an individual canRead MoreHuman Resources Management Action Plan1935 Words   |  8 PagesAbstract Human Resources Management (HRM) has many applications in the business world. This paper will identify three key lessons learned about HRM. It will also outline how these concepts can be applied in the real world to enhance professional effectiveness. This paper will then tie together how these lessons relate to effective HRM concepts, practices and systems. Lastly, this paper will outline specific thinking and behavior changes as well as actions that will lead to successful implementation

Crime and Poverty - 3211 Words

criminal justice paper on crime and poverty Crime and Poverty Many factors can be viewed as reasons for crime. The amount of morality needed in order to rise against the temptation to commit crime can be difficult. It is even harder when you are coming from a place where crime is considered to be a normal part of society and looked at as a way of daily living that is supposed to be incorporated into daily lifestyles. The question can be posed. What is the main cause of crime in areas where poverty is everywhere? True, this is not an easy question to answer considering that crime happens for many different reasons and sometimes location is not the problem. Crime has been around since man and there is no†¦show more content†¦Places where people are crowded together in unpleasant living conditions. With these types of living conditions people often become products of their environments. If someone is raised around violence, stealing and other types of crime unless a stroke of luck comes there way and they are afforded an opportunity to escape the lifestyle, it is more than likely exactly how they will live their lives. These areas can be broken down into categories such as class, income, and race. In today’s society, where it is getting harder and harder for individuals to find jobs, or at least jobs that provide them with the economic means to support themselves or their families resorting to crime for easy money usually is seen as the best option. There is no stability in areas like these. High school dropout rates are high, drug activity is high, and gang activity is rising. It is getting harder to maintain order in these communities. It is not uncommon for individuals living in poverty to have low education rates, so finding a job that pays high enough wages to support a healthy living lifestyle can be difficult. So who are the individuals committing these crimes? They are the men and women of these communities. They are the teens who have become products of their environments, and parents who are either doing what is necessary for their family or who haveShow MoreRelatedPoverty And Crime1041 Words   |  5 PagesLongman dictionary defines crime as â€Å"an offence that is punishable by law†. As BBC Bitesize 2017 describes, doing something wrong is different than committing a crime. For example lying is not considered as a crime but it is a wrong act that people carry out without getting punished. But why do people commit crime? Some criminologists believe that people commit crime because it is in their nature. It has been proved that some people are more likely to commit crime than others due to the circumstancesRead MoreCrime : The Lack Of Crime And Poverty1654 Words   |  7 Pagesit is clear that it comes at a price (William, 2017). Poverty stands as the greatest indicator of societal disparities and vulnerable populations; those who live in poverty experience poorer outcomes, including higher crime rates, decreased access to resources, higher incidence of al cohol and drug use, mental health concerns, and decreased sense of security and safety. It does not stand as poverty, alone, that leads to increased rates of crime in these neighborhoods, it is the accumulation of lackRead MorePoverty and Crime (Sociology)1600 Words   |  7 Pages Poverty and Crime A social issue that has always intrigued me was crime (petty crime, violent crime, etc) in impoverished urban areas and the social and economic impact that crime causes in these areas. Before conducting my research into this topic, I have always pondered why crime and poverty are so closely related. Are these two so closely linked solely because of the lack of income in the area? Or are there some other unknown or unexplained reasons that influence crime in impoverishedRead MoreCrime, Poverty, And Race838 Words   |  4 PagesIntroduction One of the biggest problems we have is crime, poverty, and race. Crime never seems to go away, and it tends to affect certain areas more than others. When a community is plagued with crime then everyone starts to look at the community that it is affecting, the housing in the area and the race that is mostly affected or committing the crimes. This can create a domino effect, because the citizens are scared, victimized, and they begins to worry more about how they will be able to protectRead MoreThe Mother of Revolution and Crime Is Poverty1504 Words   |  7 PagesThe mother of revolution and crime is poverty Poverty is being without things, having little money, not many material possessions and in need of essential goods. In short, being poor means that the people have nothing, and they have to struggle to even survive everyday. After physically and mentally tortured for a long period of time due to poverty, evil thoughts of getting out of the vicious cycle through illegal ways or new ideas that they think that will improve their lives will gradually startRead MoreThe Link Between Poverty and Crime1654 Words   |  7 Pagesâ€Å"Many people living in poverty do not want to be living in poverty. In order to obtain a higher level of socioeconomic status, crime is seen as the only option.† (Wilson, 1987). Crime exists everywhere in the world – in rural and urban areas in many countries, in the East and West, and among all types of people. This has led many government officials, especially those in urban areas, to focus largely on the reduction of crime among their respective constituencies and has led others to speculateRead MoreThe Relationship between Poverty and Crime879 Words   |  3 PagesIntroduction Poverty and the relationship it has to crime is a long standing sociological, humanists and historical phenomenon. From the plight of the third world to the violence soaked inner city streets of the 1980’s, the relationship of crime and poverty has been the source of a great deal of social commentary. In societies throughout the world and throughout history there has always been a traditional measure of deviance through relative income gaps. Both poverty and crime as well as theirRead MoreRelationship Between Poverty And Crime Essay1485 Words   |  6 Pagesrelationship between poverty and crime will be examined in this literature review. The topic is interesting because there is a relationship between poverty and crime. Society uses a system that separates people by social class. Social class is determined by the total amount of income and wealth that a person has. According to Segal, Gerdes, and Steiner (2013), a person’s living expenses and needs are not met due to the lack of proper wages would be considered living in poverty; the year 2009 a totalRead MoreCrime and Poverty in Richmond, Virginia846 Words   |  4 PagesUnemployment in the city limits further feeds the belly of poverty. Unemployment rates for Richmond in August 2013 were 8.2% (United States Department of Labor, 2013). These rates represent only those that are documented as unemployed and does not consider the â€Å"under employed† as they may be working but not getting paid for a full work week. These unemployment rates would likely be higher if they were accurate and all inclusive of the unemployed in Richmond. The unemployment rate for the entireRead MoreHow is Poverty Related to Crime?1002 Words   |  5 PagesHow is Poor Related to Crime? According to Nelson, poverty’s outcome on crime explanation has multiple reasoning’s, here are a few. One out of three families is not only considered to be living in a poverty status class, they are living below it. Racism plays a large role when it comes to crime being affiliated with poor. For instance, when racism plays a part with minorities it can influence the wage you will receive, and the type of job you will be allowed to have. To my understanding white

Government Based Supply-Side Policy For Economic Business

Question: Explain how governments can use supply side policies to facilitate economic growth. Use examples to support your answer. Discuss how governments can use fiscal and monetary policy to temporarily stimulate economic growth. Answer: Introduction Role of the Government is to ensure prosperity of the nation and wellbeing of its citizens. Effective governance and economic policies are key to ensure prosperity of the nation. Government's one of the main economic objectives is to ensure economic growth for the benefit of the people or citizens. In order to facilitate such an objective, government can pursue a variety of policy tools. Main tools include use of fiscal (demand and supply side policies) and monetary policy to facilitate economic growth. This paper explains how governments can use supply side policies to facilitate economic growth. In addition, it also discusses the ways governments can use fiscal and monetary policy to temporarily stimulate economic growth. Use of Supply side Policies to Facilitate Economic Development The meaning of supply-side policy is related to any policy, which is valuable to get better the productive potential and ability of an economy to produce (Higson, 2011). To fulfil the aim of facilitating the economic growth, the government can use supply-side policies. In this, the government can reduce taxation through supply-side policy and encourage entrepreneurship together with stimulation of investment in human capital (Baimbridge, Whyman, and Burkitt, 2012). It is found normally "aggregate supply curve normally moves in the right direction due to the use of supply side policies consequently resulting in more output at lower prices, until the period when economy is not having the full employment level" (Cook and Healey, 2001). Also it can be seen that, defined supply side policies as "the government policies that are intended to stimulate the growth of an economy, the rate at which the LRAS curve is shifted to the right" (Anderton, 2000). In the below figure, output increases to OB from OA due to the shift of LRAS curve to the right. Figure 1: Supply side Policies (Source: Anderton, 2000). Additionally, the government of the country can go about making several decisions that will improve supply-side performance in the economy. For instance, the government can make the necessary changes in the tax structure in the country to provide benefits to help stimulate factor output instead of changing demand. This is one of the key aspects of making supply-side policy. For example, the government can reduce direct tax rates such as corporation and income tax. In this, lower corporation tax will provide an incentive to new enterprisers to commence and consequently boost national output (Higson, 2011). At the same time, for unemployed workers, if they have to pay less income tax; this will work as an incentive for them to work in the labour market as well as motivating the currently employed workers to put more efforts and give more output (Cook and Healey, 2001). In addition, the government can also use other supply side policies such as by pushing more competition in labour markets through labour market rigidities, and removal of restrictive practices including the employment protection to facilitate the economic growth (Higson, 2011). For example, in the 1980s, one of the key supply side reforms that was introduced is that significant powers that trade union earlier had were reduced through several measures including implementing secret ballots for union members before they could go on a strike and thus limiting their ability to go on strike (Higson, 2011). In addition, supply side policy can also include initiatives to improve labour mobility that also leads to having a positive impact on the productivity of the labour and on supply-side performance (Higson, 2011). At the same time, it is also found that the use of liberal supply-side policies can be the effective way to stimulate the economic growth (Woodward, 2004). Concurrently, in order to facilitate economic growth through the use of supply side policies, spending on training and education is one of the important supply side options. It is because it is beneficial to improve labour productivity resulting in facilitating economic growth. It is also a favoured option by recent UK government. Building of better training and education programs to get better skills, mobility, and flexibility is also called human capital development (Higson, 2011). A government can directly spend money or offer incentive for private suppliers to penetrate in the market. At the same time, government, can also force schools to include a skill part in their program, and set and monitor standards of teaching (Higson, 2011). Moreover, the government can also adopt performance related pay in the public sector to contribute in improving whole productivity. Additionally, government can also encourage local rather than central pay bargaining to facilitate economic growth through the use of supply side policies (Higson, 2011). It is because national pay rate rarely shows local conditions and reduce mobility of labour. In addition, the use of different rates would be helpful to allow the labour to move in the sector, where it is demanded largely. In addition to the above supply-side policies, there are also other supply-side economic frameworks that emphasize on growth and employment, which can support the government to channel credit. In this, "investment tax credit, high marginal tax rates on uninvested profits coupled with general investment reserves, and other incentives for saving complement" are some other tools and frameworks for controlling the factors related to the supply that can be used by the government for fostering growth and employment. There are also other supply side policies such as deregulation, privatisation, providing better information, lower tariff barriers, deregulate financial and labour market and improving transport and infrastructure that can be used to facilitate economic growth.Thus, it can be stated that all these policies can be used by the government in order to foster economic development in the country by improving current as well as potential productivity level. Use of Fiscal and Monetary Policy to Temporarily Stimulate Economic Growth Use of Fiscal Policy: In order to stimulate the economic growth, fiscal and monetary policies are important and can be used by the government for temporarily stimulating economic growth. Fiscal policy refers to the policy, which affects total demand by shifting the government's outflow (expenditure) and inflow (taxation) (Sloman, Norris, and Garrett, 2013). Additionally, fiscal policy denotes to taxes, government purchases, borrowings and transfer payments as these significantly affect different macroeconomic variables including employment, GDP, economic growth, and the price level. It shows that fiscal policy deals with the changes in the composition and the level of government spending related to sectors (education, welfare, healthcare, and infrastructure) subsidies and taxation (Robinson, Symonds, Gilbertson, and Ilozor, 2015). For example, to resolve the credit crunch problem in the UK, the government adopted fiscal policies leading to an aspirational plan for deficit reduction, cutting government expenditures affecting investment by public sector and its building activities with the purpose to stimulate the economic growth (Robinson, Symonds, Gilbertson, and Ilozor, 2015). Another example include the implementation of a series of tax cuts by the federal government in the year 2008 to stimulate sales and growth resulting in stimulating economic growth (Cohen, 2012). Additionally, in order to stimulate economic growth, the government can use its tax instruments and expenditures. Expansionary fiscal policy and contractionary fiscal policy are the two main policies that can be used by the government to temporarily stimulate economic growth. As a part of expansionary fiscal policy, the government can cut taxes and raise government expenditures for the purpose to stimulate the economic growth. The use of expansionary fiscal policy can be effective to stimulate the economy and enhance total employment for a short-time period. In contrary, in the long-run due to the cost-reduction behaviour via the collection of human capital, the growth ultimately becomes unsustainable (Otaki, 2015). In contrast, through contractionary fiscal policy the government can raise taxes and reduce government expenditure to stimulate the economic growth (Arnold, 2008). The below graph shows the shifts in supply and demand or manipulation inflation or growth due to the use of expansionary and contractionary fiscal policy. Figure 2: Shift in Demand and Supply: Manipulating Inflation and Growth (Source: Henderson, 2004). It is clear from the above graph that the use of expansionary fiscal or monetary policy shifts out the demand curve, increasing price and output (P2 and Y2), due to reduction in tax and increase in government expenditures. In contrast, due to reduction in government expenditures and increase in taxes, the supply curve push back, increasing prices and contracting output (P1 and Y1) (Henderson, 2004). At the same time, the government can also use fiscal policy tools to induce economic growth. Fiscal policy tools can be broadly categorized in two ways namely automatic stabilizers and discretionary fiscal policy. Automatic stabilizers refers to the spending and revenue initiatives in the federal budget that adjust automatically with the ups and downs of the economy to stabilize disposable income and consequently real GDP and consumption (McEachern, 2008). For example, the federal income tax acts as an automatic stabilizer since upon implementation of this, there is no need for any congressional action to activate and secondly, it reduces the jump in income available for spending or saving during expansions and also reduce the drop in disposable income during recessions. On the other hand, discretionary fiscal policy involves the considerable manipulation of the purchase by government, taxes and transfer payments, to support macroeconomic goals related to price steadiness, full employment, and stimulate the economic growth (McEachern, 2008). The examples of discretionary fiscal policies include tax cuts by the president Bush in his tenure in America. In order to stimulate the economic growth, the government can also adjust the level of aggregate demand and aggregate supply (McEachern, 2011). In this, through the use of stabilisation policy, the government can adjust the level of aggregate demand with the purpose to remove any severe inflationary or deflationary gaps and smooth out business cycle related fluctuations in the economy (Sloman, Norris, and Garrett, 2013). In contrast, the government also affects the aggregate supply through the use of fiscal policy. For example, increase in expenditures on infrastructure and given of tax incentives by the government for investment. Aggregate demand refers to "the relationship between the total spending in an economy on domestic goods and services and the price level of output" (Textbook Equity Edition, 2014). Thus, the total expenditure on domestic goods is depicted by the aggregate demand curve and it shows the total expenditure on domestic goods and services at each price level. Figure 3: Aggregate Demand Curve (Source: Textbook Equity Edition, 2014). In the above graph, the horizontal axis presents to the real GDP and the vertical axis shows the price level. The graph also indicates that AD curve slopes down, which means that a lower quantity of total spending results in due to the raise in the price index of outputs (Textbook Equity Edition, 2014). Additionally, this shape is also found due to the impact of changes in the prices level on different components of collective demand such as spending on consumption, investment spending, government expenditure, spending on exports, and minus imports (Textbook Equity Edition, 2014). In contrast to AD curve, the AS curve slopes upward. The government can also apply the equilibrium in the aggregate supply and aggregate demand model to stimulate the economic growth (See the below graph). In this, to stimulate the economic growth, the government can ensure the real GDP equilibrium and the price level equilibrium in the economy (Textbook Equity Edition, 2014). Figure 4: Equilibrium in the aggregate supply and aggregate demand model (Source: Textbook Equity Edition, 2014). In the above graph, the equilibrium point occurs at point F, at a price level of 90 and an output level of 8800. Comparatively at a low price level for output, companies have short benefits to produce, but concurrently, consumers are enthusiastic to purchase more good. But, as the price level increases for output, total supply rises and total demand falls until the equilibrium point is reached (Textbook Equity Edition, 2014). Use of Monetary Policy In contrast to fiscal policy, monetary policy refers to the actions that are aimed to influence the availability of money and its cost in the market (Morton, and Goodman, 2003). Monetary policy's primary objective is to ensure the monetary stability and to stimulate economic growth (Lee, 1990). In simple words, it can be stated that the aim of monetary policy is to keep real economic growth equals to with the likely economic growth as determined by resources, technology, and environment, etc (Peng, 2015). It is because if the economy's real growth rate is greater than the potential growth rate, it causes inflation that can have adverse impact on the economy. Bank rates, interest rates and open market purchases are some tools under monetary policy that can be used to stimulate the economic growth by controlling the supply of the money in the economy (Bishop, 2012). Concurrently, to induce economic growth, monetary policy deals with broad combines of money supply, the rates of interest and liquidity. These factors are important for debt management. For example, in the UK during the credit crunch, the monetary policy adopted includes "lowering interest rates to an all time low and quantitative easing" to enable business to expand by creating situation where businesses can avail loans easily at lower interest rates (Robinson, Symonds, Gilbertson, and Ilozor, 2015). Additionally, in order to stimulate "sluggish" economies, it is likely from monetary authorities to cut interest rates and increase the supply of money (Hudson, 2010). Thus, these tools can be adopted by the government, to temporarily stimulate economic growth. But, at the same time, it is assessed that in the situation, when an economy has grown beyond optimal scale or beyond maximum sustainable scale, the use of monetary policy to induce the growth of an economy can have more negative impacts on the society than good (Hudson, 2010). It is found that in such situation, the use of tighter money supplies and higher interest rate are appropriate. In contrast, only when there is inflation threatens, monetary authorities favour restrictive money supplies and higher interest rates. Many economists also understand that there has limited effects of the use of monetary policy. It is because it can create the situation of high inflation in the country. In contrast, the use of supply side policies by the government are effective that "inflation does not become a problem as these are very helpful to provide a growth in aggregate supply that leads to the condition where it is equal to growth in aggregate demand" (Anderton, 2000). It is found that although monetary policy as "pull out all the stops" is designed to stimulate the economic growth, however fiscal policy too is designed for growth (Hudson, 2010). In this, taxes are reduced with the purpose that consumers will then expend more and induce the economy. Similarly, reallocation of budgets is also designed in a manner to stimulate the economy. Additionally, as a part of monetary policy, the government can also reduce the federal funds rate to stimulate the economic growth. For example, the growth of the US economy in the year 2001 was declined by 2.1%. In order to enable economy recovery and to stimulate growth, "the US central bank has taken steps to reduce the federal funds rate many times (11) within the same year" (Hudson, 2010). Another method that the government can use as a part of monetary policy to stimulate the economic growth is quantitative easing. This method could be adopted at the time, when the interest rate could not be lowered further. In quantitative easing method, the government can purchase significantly huge quantity of different kinds of assets that will lead increase in the supply of money. For example, in the world, Central Bank of Japan was the first to use the monetary policy of quantitative easing including purchase of stock and treasury bills (Hudson, 2010). There are also other methods such as lowered deposits and loan rates and expanded money supply or use of expansionary monetary policy that were adopted in China after 1997 for stimulating economic growth. Moreover, in order to make a stable macroeconomic environment, the use of monetary policy can also be beneficial by keeping inflation low and improving the decision-makers confidence as well as encourage firms to invest in order to generate an increase in production capacity (Smith, 2015). It can also be beneficial to stimulate the economic growth and create an opportunity to improve living standards. The below is the AD/AS graph which is drawn in terms of the overall price level (Smith, 2015). Figure 5: AD/AS Graph (Source: Smith, 2015). As per the graph, the initial equilibrium is with real output at Y0, the rate of interest at r0, and the price level at P0. In order to maintain money market equilibrium , with an increase in the rate of interest to r1, it is essential to balance it with the decrease in money supply. It will have also a significant impact on the investment, which is presented in the middle panel of the figure. It is clear from the above graph that a fall in investment from I0 to I1 will result in due to the increase in the interest rate. Additionally, this will shift the aggregate demand curve from AD0 to AD1 that leads to decrease in real output level at Y1 and reduced overall price level P1 (Smith, 2015). Overall, it can be stated that the government can use monetary policy in terms of lowering interest rate, federal reserve rate, loan rate and quantitative easing techniques to stimulate the economic growth Conclusion Based on the above discussion, it can be stated that the use of different supply side policies is effective to facilitate economic growth by improving current and potential productivity level. In this policy framework, the government can reduce taxation through supply-side policy and encourage entrepreneurship together with stimulation of investment in human capital. Further, spending on training and education is one of the important supply side options. It can also be stated that to stimulate economic growth, the use of monetary and fiscal policy is also effective. In UK, the monetary policy that is being followed is in lowering interest rates and quantitative easing that helps the growth in business to enlarge by creating situations that lead to loans for organisations at lower interest rates. Fiscal policy stimulates economic growth by altering taxation and government expenditures while monetary policy induces economic growth by controlling money supply. References Anderton, A. (2000) Economics. USA: Pearson Education Inc. Arnold, R. A. (2008) Macroeconomics. USA: Cengage Learning. Baimbridge, M., Whyman, P. B., and Burkitt, B. (2012) Moored to the Continent: Future Options for Britain and the EU. UK: Andrews UK Limited. Bishop, T. (2012) Money, Banking and Monetary Policy. USA: Lulu.com. Brady, D. and Keister, L. A. (2011) Comparing European Workers: Part B: Policies and Institutions: Policies and Institutions. UK: Emerald Group Publishing. Cohen, M. A. (2012) The Global Economic Crisis in Latin America: Impacts and Responses. UK: Routledge. Cook, M. and Healey, N. (2001) Supply Side Policies. UK: Heinemann. Henderson, T. M. (2004) Fixed Income Strategy: A Practitioner's Guide to Riding the Curve. USA: John Wiley Sons. Higson, G. (2011) The Global Economy. UK: Economics Online Hudson, R. J. (2010) Animal and Plant Productivity. EOLSS Publications. Lee, S. Y. (1990) The Monetary and Banking Development of Singapore and Malaysia. NUS Press. McEachern, W. A. (2008) Macroeconomics: A Contemporary Introduction. USA: Cengage Learning. McEachern, W. A. (2011) Macroeconomics: A Contemporary Introduction. USA: Cengage Learning. Morton, J. S and Goodman, R. J. (2003) Advanced Placement Economics: Teacher Resource Manual. USA: Council for Economic Educat. Otaki, M. (2015) Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy. Germany: Springer. Peng, X. (2015) Financial Theory: Perspectives from China. USA: World Scientific. Robinson, H., Symonds, B., Gilbertson, B. and Ilozor, B. (2015) Design Economics for the Built Environment: Impact of Sustainability on Project Evaluation. USA: John Wiley Sons. Sloman, J., Norris, K., and Garrett, D. (2013) Principles of Economics. Pearson Higher Education AU. Smith, P. (2015) OCR A Level Economics, Book 2. UK: Hachette UK. Textbook Equity Edition (2014) Principles of Economics Volume 2 of 2. Lulu.com. Woodward, N. (2004) The Management of the British Economy, 1945-2001. UK: Manchester University Press.