Question

Explain the difference between vicious and virtuous cycle of life with reference to human resource.

Answer 1

They represent the happening of certain effects due to the occurrence of certain events. These two cycles represent the type of effect happened, that is either positive as in virtuous cycle and negative as in vicious cycle. In context of HR; new employment and or human resource is developed in virtuous cycle while firing and poverty occurs in vicious cycle. 

Answer 2

The terms virtuous circle and vicious circle (also referred to as virtuous cycle and vicious cycle) refer to complex chains of events that reinforce themselves through a feedback loop.[1] A virtuous circle has favorable results, while a vicious circle has detrimental results.

Both circles are complex chains of events with no tendency toward equilibrium (social, economic, ecological, etc.)—at least in the short run. Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle.

A well-known example of a vicious circle in economics is hyperinflation.