Question

define the tearm corruption also define its causes and consequences with example​

Answer 1

Answer:

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. Its effects on the economy (and also on the wider society) are well researched, yet still not completely. Corruption thus inhibits economic growth and affects business operations, employment and investments. It also reduces tax revenue and the effectiveness of various financial assistance programs. The wider society is influenced by a high degree of corruption in terms of lowering of trust in the law and the rule of law, education and consequently the quality of life (access to infrastructure, health care). There also does not exist an unambiguous answer as to how to deal with corruption. Something that works in one country or in one region will not necessarily be successful in another. This chapter tries to answer at least a few questions about corruption and the causes for it, its consequences and how to deal with it successfully.

Answer 2

Corruption is defined as the "abuse of entrusted power" for private gain

Explanation:

• Corruption means dishonesty and/or a criminal act carried out in order to acquire "unlawful benefit" or "abuse power" for personal gains, by a person or organisation with a responsibility. Corruption can include many activities, including bribery and misappropriation, although in many nations it can also involve lawful practices.
• The causes of corruption  comprise  complicated licensing & tax systems, excessive regulations, several govt departments with discretionary powers &  opaque bureaucracy, monopoly of govt controlled institutions on specific  goods/services delivery, & the lack of transparent processes &  laws.
• Corruption therefore hinders economic growth & impacts business activities, jobs & investment. It also decreases fiscal income and the efficacy of various programs of financial assistance. The larger society is driven by a high level of corruption In terms of lowering trust in the law and the rule of law, education and consequently quality of life,