Corruption is making its way in society at an unprecedented pace as it is being accepted as a normal way of doing politics, government and business. The costs of corruption are growing not only economically, but also socially as the citizens think that it is with favours, bribery, embezzlement and nepotism that one can acquire what should be theirs by right.
Corruption is the abuse of public or private office for personal or political gain, and it is linked to fraud, tax evasion and money laundering. Corruption leads to waste and the inefficient use of resources, and it makes people dependent on favouritism and forced political allegiance to attain what is theirs. Corruption excludes the poor and perpetuates inequality.
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Aggregate demand is just the sum total of four components such as consumption, investment, government spending, and lastly net exports. Government spending and taxes are determined by political considerations with which imports and exports changes according to relative growth rates and prices between two economies. while Aggregate supply is just the total amount of goods and services that firms are willing to sell at a given price in an economy. The aggregate demand is the total amounts of goods and services that will be purchased at all possible price levels in an economies
Boosting aggregate demand also boosts the size of the economy regarding measured GDP. However, this does not prove that an increase in aggregate demand creates economic growth while for Aggregate supply is the total quantity of output firms will produce and sell, that is to, the real GDP.
The aggregate supply curve slopes up because when the price level for outputs increases while the price level of inputs remains fixed, the opportunity for additional profits encourages more production.
A lot of European nations, such as France, were actually enemies of Great Britain, as many of the countries in Europe fought against each other for power, land and resources. So they would support the colonists, just because it would weaken Great Britain.
When George Washington refused a third term in 1797, Adams was elected President (1797-1801). In 1797, Adams became the second President of the United States. He was the first President who belonged to a political party - the Federalists. ... He maintained his resolve to keep the United States out of war.
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What is your definition of fair? This is just an opinion question. How can your answer be judged correct or incorrect.
