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What is corruption? Give two Reasons.
Answers
Corruption is a constant in the society and occurs in all civilizations; however, it has only been in the past 20 years that this phenomenon has begun being seriously explored. It has many different shapes as well as many various effects, both on the economy and the society at large. Among the most common causes of corruption are the political and economic environment, professional ethics and morality and, of course, habits, customs, tradition and demography.
- Higher levels of market and political monopolization.
- Low levels of democracy, weak civil participation and low political transparency.
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Brother/Sister your correct answer is:-
Corruption is dishonest behavior by those in positions of power, such as managers or government officials. Corruption can include giving or accepting bribes or inappropriate gifts, double-dealing, under-the-table transactions, manipulating elections, diverting funds, laundering money, and defrauding investors. One example of corruption in the world of finance would be an investment manager who is actually running a Ponzi scheme.
- Greed of money
- Low economic freedom.
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