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| 1. |
Virtuous and vicious cycle |
| Answer» 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. | |