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Virtuous and vicious cycle of growth |
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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.Thank me. Please mark me as Brainliest!!! |
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