Economy, asked by DishitaGoswami, 1 month ago

how virtuous cycle or vicious cycle can be created in a person's life​

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Answered by googleuser51
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Answer:

The terms virtuous circle and vicious circle, also known respectively as virtuous cycle and vicious cycle, refer to complex chains of events that reinforce themselves through a feedback loop.

➪ 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.

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