Economy, asked by Anonymous, 11 months ago

explain the vicious and the virtuous cycle with examples


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Answers

Answered by ᏕɱartYᎶᴜʀɭ
3

Explanation:

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

Answered by Anonymous
4

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❥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.)

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

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