It was stated that the business word is corrupt because individuals are willing to use illicit means in order to have an advantage over other businesses.
It should be noted that the main reason for corruption is because of the greed for money and selfish desires.
The business word is corrupt because individuals are willing to use illicit means in order to have an advantage over other businesses.
This results in higher level of market and political monopolization.
When corruption is reported in a business, the existing investors and shareholders will lose the confidence and trust that they had put in the business. When fraud is perpetuated within an organization, then the risk of accruing losses by entrepreneurs is increased.
