Social Sciences, asked by shubhashsingh73591, 3 months ago

virtuous and vicious cycle of growth​

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Answered by ParijatChatterjee
2

Answer:

In a virtuous cycle, infrastructure investment leads to economic growth, which strengthens tax bases and, in turn, generates further growth. However, upstate localities experience a vicious cycle where under-investment in infrastructure weakens growth, erodes tax bases, and exacerbates economic decline.

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