Definition, Meaning & Synonyms
reaganomics
noun
/ˌreɪɡəˈnɒmɪks/
Definition
Reaganomics refers to the economic policies promoted by U.S. President Ronald Reagan during the 1980s.
Examples
- Reaganomics aimed to revive the American economy after the recession.
- Critics argue that Reaganomics primarily benefited the wealthiest citizens.
- Supporters believe that Reaganomics led to significant job creation and economic expansion.
Meaning
These policies focused on reducing government spending, lowering taxes, and increasing free-market principles to stimulate economic growth.
Synonyms
- Supply-side economics
- Trickle-down economics
- Free-market economics
