Social Sciences, asked by abhishek00777, 1 year ago

difference between virtuous and vicious cycle?​

Answers

Answered by Anonymous
1
A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. ... A virtuous circle has favorable results, while a vicious circle has detrimental results. Both circles are complexes of events with no tendency towards equilibrium (at least in the short run).

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Answered by nisha1901
2
A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex chain of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results. Both circles are complexes of events with no tendency towards equilibrium (at least in the short run).

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