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What is a virtuous circle?

What is a virtuous circle? Here are some definitions.

Noun
  1. A situation in which the solution to one problem makes each future problem easier to solve than the original one.
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Examples
Low taxation creates a virtuous circle, leading to more money and employment for all.
So the virtuous circle of lower prices, higher sales and increased profits continues, seemingly unabated.
The availability of financial resource allows greater capacity building promoting a virtuous circle.
Online social networks connect ride-shares and ride-providers in a virtuous circle of adoption.
This is indeed a virtuous circle that really helps the families in countryside.
As is often the case, the whisky industry has shown the way by creating a virtuous circle out of location, tradition, reputation and marketing.

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