what is virtuous cycle ??
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ANSWER: A virtuous cycle in the economy means that higher wages stimulate consumption, leading to higher prices and larger corporate profits. ... The A virtuous cycle is one where wages drive the cycle rather than external factors or even an increase in money supply due to fiscal mismanagement.
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Self-propagating advantageous situation in which a successful solution leads to more of a desired result or another success which generates still more desired results or successes in a chain. For example, compound interest earned on a deposit keeps on generating ever greater amounts of interest. Also called virtuous cycle. See also vicious circle.
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