Corruption in business
A) creates inefficiencies in an economy.
B) inhibits growth in an economy.
C) slows the rate of economic growth in a country.
D) all of the above

Question

Quizplus · Accepted Answer

Corruption in business has negative effects on an economy, including creating inefficiencies, inhibiting growth, and slowing down the rate of economic growth in a country. When businesses engage in corrupt practices such as bribery, nepotism, and embezzlement, it leads to a misallocation of resources and a lack of competition, ultimately harming the overall economic performance of a country. These effects can be particularly detrimental to developing economies hoping to grow and compete on a global stage. Therefore, all of the provided options are correct.

Corruption in Business