Question

16.) Vilas was an eleven-year old boy residing in the same village as Sakal. Vila's
father Mahesh was a fisherman. His father passed away when he was only two years
old. His mother Geeta sold fish to earn money to feed the family. She could earn only
3150 a day by selling fish. Vilas became a patient of arthritis. His mother could not
afford to take him to the doctor. He could not go to school either. He helped his
mother in cooking and also He helped his mother in cooking and also looked after this
younger brother Mohan.
The case given above indicates which type of economic phenomenon?
a.) Vicious cycle
b.) Virtuous cycle
c.) Static cycle
d.) Continuous cycle​

Answer 1

Answer:

Explanation:

Trade barriers protect domestic industry and jobs. Workers in export industries benefit from trade. Moreover, all workers are consumers and benefit from the expanded market choices and lower prices that trade brings.

Answer 2

The Answer is :

a.) Vicious cycle

A vicious cycle describes a situation in which events are in a feedback loop where the action or event is strengthened by its result, which restarts the cycle. It's an event pattern that never settles and is always in motion.

• A vicious cycle describes a bad pattern of events, whereas a virtuous cycle describes the same pattern but with positive events or outcomes.
• Poverty is an example of a vicious cycle. A poor person does not have enough money to better their social or educational condition. They don't have enough money to pay their bills, which results in late fines and excessive interest, making them further poorer.
• Their children are reared in poverty with no access to educational opportunities, and they are trapped in the same cycle as their parents.

SPJ3