More capturing of terms here - handy to have some of this text around to see how people are using these words in various contexts. From Wikipedia:
Positive feedback is a feedback system in which the system responds to the perturbation in the same direction as the perturbation (It is sometimes referred to as cumulative causation). In contrast, a system that responds to the perturbation in the opposite direction is called a negative feedback system. The term "positive" means responding to the same direction as the perturbation whereas "negative" means responding to the opposite direction.
The end result of a positive feedback is often amplifying and "explosive." That is, a small perturbation will result in big changes. This feedback, in turn, will drive the system even further away from its own original setpoint, thus amplifying the original perturbation signal, and eventually become explosive because the amplification often grows exponentially (with the first order positive feedback), or even hyperbolically (with the second order positive feedback). It is the vicious cycle phenomenon. An intuitive example is "the rich gets richer, and the poor gets poorer."
Both positive and negative feedback are closed systems. They are called "closed systems" because the system is closed by a feedback loop, i.e., the response of the system depends on the feedback signal to complete its function; without such a loop, it would become an open system. In contrast, a feedforward system is an "open system" since it does not have any feedback loop, and does not rely on feedback signal to perform its function.
Examples of positive and negative feedback, open and closed systems can be found in ecological, biological, social systems and in engineering control systems such as servo control systems.
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