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Paraphin [41]
3 years ago
8

Can corruption ever benefit a country? Explain your answer.

Social Studies
1 answer:
GuDViN [60]3 years ago
4 0

Answer:

Corrupted economies are not able to function properly because corruption prevents the natural laws of the economy from functioning freely. As a result, corruption in a nation's political and economic operations causes its entire society to suffer.

Furthermore, most evidence of the possible economic benefits of corruption comes from global instances of poor governance. Scholars have found that corruption has no significant effect on economic growth in democracies, but inflicts significant economic harm in non-democracies

Not only does corruption affect economic development in terms of economic efficiency and growth, it also affects equitable distribution of resources across the population, increasing income inequalities, undermining the effectiveness of social welfare programmes and ultimately resulting in lower levels of human

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The federal debt impacts the economy as it can slow growth by decreasing consumer confidence.

Answer: Option B

<u>Explanation:</u>

Every country these days is caught up in a situation where it has to take federal debt and this often has an adverse impact on the economy of the country. One of the setbacks that the economy faces is that the rate of growth of the economy slows down as consumer confidence decreases to a great extent.

Even the interest rates, as well as tax rates, are hiked which result in it reduction in the rate of investment and an increase in inflation as the purchasing power of the consumers as well as the access to money in terms of loans is reduced, hence, adversely affecting the consumer confidence.

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The correct answer is D, I just answered that question:)

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svet-max [94.6K]

Answer:

62 percent.

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