Product markets refer to markets in which all kinds of goods and services are made and traded, for example the market for airline travel; smart-phones, new cars; pharmaceutical products and the markets for financial services such as banking, mortgages and pensions.
Supply-side policies in product markets are designed to increase competition and efficiency
Deregulation of Markets
Toughening up of Competition Policy
A commitment to free (open) trade
Measures to encourage small business start-ups / entrepreneurship
| IMF calls for higher investment in the UK economy to drive growth |
In its annual assessment of the U.K. economy, the IMF called on the UK to invest in skills and infrastructure and increase banking sector competition in order to foster growth and achieve a sustainable recovery.
Adapted from news reports, July 2013
Capital investment and innovation:
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