Question

Difference between virtuous cycle and vicious cycle

Answer 1

virtuous cycle and vicious cycle are both economic terms that shows the effect of certain forces that causes a certain set of events. This causes and events follow in a loop. However, in virtuous cycle the results are positive and in a vicious cycle the events are not positive in economic terms. The poverty cycle is a vicious cycle and the creation of able human resource is  a virtuous cycle.

Answer 2

Heya,

A virtuous cycle is one where multiplier effects reinforce the desirable impact of an initial change.
Here,the cycle of effects goes round again, and hence the name virtuous or spiral.

A vicious cycle occurs when negative effects reinforce negative impacts.

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