New consumer awareness is shifting industry towards more sustainable practices, creating a virtuous cycle between producers and consumers enabled by eco-labelling.
Should that change, employment could begin growing at a healthy rate again and income and consumer spending could rise with it, creating a virtuous cycle, economists say.
These, he suggested, were areas where medals could be won in the short term, attracting more funding and creating a virtuous cycle of forward progress.
It is based on the principle that the farm is a self-contained organism, taking care of the health and vitality of soil, crops, stock and farmer, creating a virtuous cycle.
As the costs of wind and solar energy continue to fall, corporate purchasing of clean energy is reaching new heights, creating a virtuous cycle where demand drives scale, which lowers prices, which then spurs more demand.
The government borrowed heavily in recent years to invest in infrastructure, health and education, creating a virtuous cycle: government spending led to job creation, which led to greater consumer confidence and more spending, which, in turn, stimulated growth.
