Q.The core of the Classical theory of employment is ________.

The classical theory of employment is built on Say's Law of Markets, so option (a) is correct.

In the theories-of-employment topic of the Tamil Nadu HSC Commerce syllabus, the classical theory is founded on Say's Law of Markets, propounded by J.B. Say. Its central proposition is that 'supply creates its own demand' — the act of producing goods generates enough income (wages, rent, interest, profit) to buy back the entire output.

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