Question

Which of the following problem in an economy is a result of corruption in the country?

• A. Lack of political and social justice.
• B. Rising poverty and unemployment.
• C. Income inequality.
• D. All of the above.

Answer 1

Answer: (D)

All of the above.

Corruption is a shape of dishonesty or illegal crime undertakes by a person or organization entrusted with a place of authority. The negative belongings of corruption it reduces foreign direct and domestic investments, increase inequality and poverty, raises the number of freeloaders in the economy, distorts and exploits public investments and reduces public revenues.

There are many causes of corruption like the greed of money, higher levels of market and political monopolization, low levels of democracy, lows economic freedom.

The correct option is D.