The term "supply-side economics" refers to a school of economic thought that emphasizes the importance of increasing production (supply) rather than demand in order to increase economic growth. This approach typically involves government policies aimed at reducing taxes, regulation and inflation in order to encourage businesses to invest more in new factories, equipment and technology, which can lead to an increase in productivity and job creation. The idea is that by increasing the supply of goods and services, demand will eventually follow, leading to a stronger economy overall.