Question

Define Vicious and Virtuous cycle With one example each.

Answer 1

virtuous circle and a vicious circle are both economic terms that shows the effect of certain forces that causes a certain set of events. This causes and events follow in a loop. However, in virtuous cycle the results are positive and in a vicious cycle the events are not positive in economic terms. The poverty cycle is a vicious cycle and the creation of able human resource is a virtuous cycle.