If a country resolves its corruption issues that had inhibited the ability of local businesses to be as productive as possible, it will impact its economy by

Question

Quizplus · Accepted Answer

Corruption often results in inefficient use of resources and leads to higher costs of production. When corruption is reduced, businesses can operate more efficiently and effectively, which increases the aggregate supply in the economy. This means that the country can produce more goods and services at lower costs, leading to an increase in economic growth and development.

If a Country Resolves Its Corruption Issues That Had Inhibited