Trickle down theory of development holds that :
UGC NET - 2012,
Answer: B
The trickle-down theory of development holds that development spreads downwards through a greater demand for labour. Growth that begins with the rich or with industry creates jobs, which raises the income of poorer people in time.
Global prosperity spreading to the domestic economy and the link between growth and taxation are different ideas. Since the key accepts the statement about the demand for labour, 'none of the above' is not the answer.
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