Question

virtuous and vicious cycle of growth​

Answer 1

Answer:

Explanation:

∆ 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.

∆ 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.

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