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Explain the concept of virtuos and vicious cycle of human resource with example |
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Answer» Answer: 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. ... A well-known example of a vicious circle in economics is hyperinflation. Explanation: |
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