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The term itself is used mostly by critics of the concept. The Merriam-Webster Dictionary notes that the first known use of "trickle-down" as an adjective meaning "relating to or working on the principle of trickle-down theory" was in 1944, [11] while the first known use of "trickle-down theory" was in 1954. [12]
Trickle-down theory" or "Trickle-down effect" can refer to two different but related concepts: Trickle-down fashion , a model of product adoption in marketing Trickle-down economics , a theory for tax cuts on high incomes and business activity
A trickle-down theory that supplies a cultural context can predict not only the fact that the fashion change will take place but also the direction and properties of the change. [1] The affordability aspect of the trickle-down theory is still highly applicable to the contemporary fashion industry. This can be seen, for example, when looking at ...
The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by opponents of the bill in order to degrade supply-side economics, the driving principle used to promote the tax cuts.
The trickle-up effect in the fashion field, also known as bubble-up pattern, is an innovative fashion theory first described by Paul Blumberg in the 1970s. This effect describes when new trends are found on the streets, showing how innovation flows from the lower class to upper class . [ 1 ]
“Trickle Down” Economics isn’t a theory of economics, but a mechanism present in all economics. It’s meaning has been tied to one man’s usage while holding office and misrepresented ever ...
To juxtapose competing economic and political ideas with so called "trickle down" policies, the terms trickle up and bottom up have been used. For example, the principle behind the Obama administration's actions was referred to as trickle-up economics, [8] but the term bottom-up economics was also used. [9]
Higher borrowing costs for governments trickle down to consumers and companies, curtailing economic growth, increasing debt defaults and leading to sell offs in stock markets.