"Crony capitalism" describes business practices in countries with:

Question

Quizplus · Accepted Answer

"Crony capitalism" refers to a system where businesses succeed based on close relationships with government officials rather than through fair competition in the market. This often occurs in countries with weak, concentrated corporate governance where a small group of powerful individuals control the majority of the economy and government policies. Highly developed legal and institutional protections, market-oriented economic systems, and limited government interference are not typically associated with crony capitalism.

"Crony Capitalism" Describes Business Practices in Countries With