Economics · Economic Growth and Development
Once a high enough rate of growth is achieved, the benefits will automatically spread to the lower strata of the society whose economic position would then improve considerably. This is known as which of the following theories?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Big Push theory
- 2Trickle-down theory✓
- 3Inclusive Growth theory
- 4Critical Minimum Effort theory
Correct answer
Trickle-down theory
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