Question

Explain vicious and Virtuous cycle with the help of examples

Answer 1

the term vicious and virtuous cycle refer to complex chains of events that reinforce themselves through a feedback loop. A vitreous cycle has favorable results while a vicious cycle has detrimental results. example of virtuous cycle- a firm maintains a good relationship with with customers that leads to increased work, satisfaction of employees leading to more positive relationship with customers.
example of vicious cycle -