what is corruption
We define corruption as an abuse of delegated power for private gain. Corruption can destroy confidence, weaken democracy, undermine economic growth and increase inequality, poverty, social disparities and the environmental crisis.
Types of corruption
There are four (4) types of corruption
Corruption can be defined and categorized in various ways. The most common types or categories of corruption are supply versus demand corruption, large-scale corruption versus small-scale corruption, conventional versus unconventional corruption, and corruption between public and private entities.
what is the impact of corruption in society
Corruption destroys the trust we have in the public sector to act in our favor. It also destroys our taxes or fees, which are separate for large community projects - which means we have to deal with poor quality services or infrastructure, otherwise we will lose completely.
An example of corruption
Examples include embezzlement of corporate funds by "shadow companies" (and subsequently into the pockets of corrupt employees), embezzlement of foreign aid, fraud, election fraud and other corrupt activities.
why corruption in the country is not good
Because corruption causes fiscal disruption and diverts money that is allocated to income subsidies, they are entitled to housing or pensions, and weakens service delivery, it is often the poor who suffer the most. Income inequality has improved in most countries that have experienced high levels of corruption.
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