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# Virtuous circle (macroeconomics) - Crystal diagram

This hexagon diagram sample was redesigned from the Wikipedia file: Virtuous circle in macroeconomics.svg. "An example of the use of a virtuous circle in macroeconomics."
[en.wikipedia.org/ wiki/ File:Virtuous_ circle_ in_ macroeconomics.svg]
"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). Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle. The prefix "hyper-" is sometimes used to describe these cycles if they are extreme. The best-known example of a vicious circle is hyperinflation. ...
Example in macroeconomics.
Virtuous circle.
Economic growth can be seen as a virtuous circle. It might start with an exogenous factor such as technological innovation. As people get familiar with the new technology, there could be learning curve effects and economies of scale. This could lead to reduced costs and improved production efficiencies. In a competitive market structure, this will probably result in lower average prices or a decrease in employment as it takes fewer workers to produce the same output. As prices decrease, consumption could increase and aggregate output also. Increased levels of output lead to more learning and scale effects and a new cycle starts."
[en.wikipedia.org/ wiki/ Virtuous_ circle_ and_ vicious_ circle]
The crystal diagram example "Virtuous circle (macroeconomics)" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams
Hexagon diagram
Used Solutions

## Target and Circular Diagrams

This solution extends ConceptDraw DIAGRAM software with samples, templates and library of design elements for drawing the Target and Circular Diagrams.

## Sales Flowcharts

The Sales Flowcharts solution lets you create and display sales process maps, sales process workflows, sales steps, the sales process, and anything else involving sales process management.

## Event-driven Process Chain Diagrams

Event-Driven Process Chain Diagrams solution extends ConceptDraw DIAGRAM functionality with event driven process chain templates, samples of EPC engineering and modeling the business processes, and a vector shape library for drawing the EPC diagrams and EPC flowcharts of any complexity. It is one of EPC IT solutions that assist the marketing experts, business specialists, engineers, educators and researchers in resources planning and improving the business processes using the EPC flowchart or EPC diagram. Use the EPC solutions tools to construct the chain of events and functions, to illustrate the structure of a business process control flow, to describe people and tasks for execution the business processes, to identify the inefficient businesses processes and measures required to make them efficient.

## Example of DFD for Online Store (Data Flow Diagram)

Data flow diagrams (DFDs) reveal relationships among and between the various components in a program or system. DFDs are an important technique for modeling a system’s high-level detail by showing how input data is transformed to output results through a sequence of functional transformations.
Example of DFD for Online Store shows the Data Flow Diagram for online store and interactions between the Visitors, Customers and Sellers, as well as Website Information and User databases.
Steps to Creating a Sales Process Flow Chart

## Physics Symbols

ConceptDraw DIAGRAM diagramming and vector drawing software extended with Physics solution from the Science and Education area is a powerful software for creating various physics diagrams.
Physics solution provides all tools that you can need for physics diagrams designing. It includes 3 libraries with predesigned vector physics symbols: Optics Library, Mechanics Library and Nuclear Physics Library.

## Circular Arrows Diagrams

Circular Arrows Diagrams solution extends ConceptDraw DIAGRAM with extensive drawing tools, predesigned samples, Circular flow diagram template for quick start, and a library of ready circular arrow vector stencils for drawing Circular Arrow Diagrams, Segmented Cycle Diagrams, and Circular Flow Diagrams. The elements in this solution help managers, analysts, business advisers, marketing experts, scientists, lecturers, and other knowledge workers in their daily work.

## How to Draw Pictorial Chart. How to Use Infograms

How to draw pictorial chart quick, easy and effective? ConceptDraw DIAGRAM offers the unique Pictorial Infographics Solution that will help you!
Pictorial Infographics solution contains large number of libraries with variety of predesigned vector pictograms that allows you design infographics in minutes. There are available 10 libraries with 197 vector pictograms.

## Data Flow Diagrams (DFD)

Data Flow Diagrams solution extends ConceptDraw DIAGRAM software with templates, samples and libraries of vector stencils for drawing the data flow diagrams (DFD).

## Fire and Emergency Plans

It's a good idea to have an emergency exit strategy in place for your home or business. ConceptDraw gives you the tools to create your own fire and emergency plan, tailored to your setting.

## Block Diagrams

Block diagrams solution extends ConceptDraw DIAGRAM software with templates, samples and libraries of vector stencils for drawing the block diagrams.

## Social Media Flowchart Symbols

Social media is a popular view of mass communication which allows people, companies and organizations create, share, discover, modify, access, comment, discuss and exchange information through the Internet. Social Media Response solution for ConceptDraw DIAGRAM provides collection of 10 libraries with diversity of predesigned vector social media flowchart symbols for fast and easy creating interactive Social Media Flowcharts, Response Charts and Action Mind Maps.

## In searching of alternative to MS Visio for MAC and PC with ConceptDraw DIAGRAM

Many of us are acquainted with such a software product as MS Visio, which beyond any doubt, is a powerful and multifunctional tool. However, there may occur instances when this program turns incapable of meeting certain users' requirements; and then, the most optimum solution is quite difficult to find. But there is always an alternative. ConceptDraw DIAGRAM from CS Odessa Corporation has been developed to satisfy all your needs as an alternative product to Visio.

Visio for mac — ConceptDraw as an alternative to MS Visio. ConceptDraw has been developed to satisfy all your needs as a fully-functioned alternative product to MS Visio for Mac.

## Safety and Security

Safety and security solution extends ConceptDraw DIAGRAM software with illustration samples, templates and vector stencils libraries with clip art of fire safety, access and security equipment.

## Mechanical Engineering

This solution extends ConceptDraw DIAGRAM.9 mechanical drawing software (or later) with samples of mechanical drawing symbols, templates and libraries of design elements, for help when drafting mechanical engineering drawings, or parts, assembly, pneumatic,