Trickle Down Effect
"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 Trickle-down economics, also known as the horse-and-sparrow theory, is a pejorative term for government economic policies that disproportionately favor the upper tier of the economic spectrum (wealthy individuals and large corporations). The ...

Trickle-down Fashion
Trickle-down fashion is a model of product adoption in marketing that affects many consumer goods and services. It states that fashion flows vertically from the upper classes to the lower classes within society, each social class influenced by a higher social class. Two conflicting principles drive this diffusion dynamic. Lesser social groups seek to establish new status claims by adopting the fashions of higher social groups in imitation, whilst higher social groups respond by adopting new fashions to differentiate themselves. This provokes an endless cycle of change, driving fashion forward in a continual process of innovation. Due to this dynamic, initially, a product may be so expensive that only the wealthy can afford it. Over time, however, the price will fall until it is inexpensive enough for the general public to purchase. History and evolution of the term The trickle down theory has been modified greatly from the Veblen–Jhering model, produced in the end of the 19t ...
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