What economic theory promotes taking measures to encourage growth in the production of goods and services?

The economic theory that promotes measures to encourage growth in the production of goods and services is known as supply-side economics. This theory posits that lower taxes and reduced regulation can stimulate investment and increase production, leading to economic growth. By incentivizing businesses to produce more, supply-side economics aims to enhance overall economic output and improve living standards. Additionally, it suggests that boosting supply will ultimately lead to increased demand and job creation.