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Virtuous circle and vicious circle

Virtuous circle in macroeconomics 2017051500 5918f2104ad5d - Virtuous circle and vicious circle

A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex chain of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results. Both circles are complexes of events with no tendency towards equilibrium (at least in the short run).

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