Economics · Economic Growth and Development

The 'Trickle-down theory' of economic growth assumes that:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Overall economic growth will eventually benefit all sections of society, including the poor✓
2Direct cash transfers to the poor drive overall market demand
3High taxation on the rich automatically reduces income inequality
4Focusing exclusively on rural welfare generates industrial expansion

Correct answer

Overall economic growth will eventually benefit all sections of society, including the poor

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