Question

In: Economics

How does corruption affect inequality and poverty? discuss in about 10 sentences

How does corruption affect inequality and poverty? discuss in about 10 sentences

Solutions

Expert Solution

  • Corruption is the malpractice done by the people who have any kind o power to support rich people for their own benefit.
  • Inequality and poverty are the two main barriers that stop the development of a country, and corruption is the main cause of inequality and poverty in a country.
  • The poor people living in a country with a corrupted government suffer from various problems and have to face discrimination in terms of education and job opportunities.
  • The powerful people in a corrupted country always try to suppress the poor and weak people, due to which the inequality of income in that country keeps on increasing.
  • Corruption usually hampers the development of an economy as in a corrupted country; people do not get the support of the government to grow due to which poverty in that country keeps on increasing.
  • Corruption is usually done by the officials of the government of power people for their own greedy wants.
  • Corruption involves selecting those policies that are beneficial for the rich people, give and take of bribe.
  • Corrupted people usually forget about social ethics and work only for their own benefits, which usually increases the gap of income between people in a country, leading to slower development and increasing poverty in the country.
  • Every country should have strict rules to stop the corrupted people as corruption is one of the main reasons behind the poverty prevailing in the undeveloped countries.
  • The government of the country should provide equal opportunities to every citizen and should support the poor people so that the inequality and the discrimination that poor people suffer can be reduced, and corrupted people do not come in the way of the development of the country.

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