Hello All, Corruption involves various types like misusing of one’s power, privileges, or authority for their personal gains. Personal gain can be either in the form of money or achieving some other goals that are not legal through dishonesty and unfair means or practices. Corruption afflicted economies or in other words corrupted economies do not have the capability to flourish and prosper to the full extend compared to the economies that are not afflicted with any corruption or corrupt practices or economies that are inflicted with bare minimum or very less levels of corruption. The functioning of the economies will be disrupted due to unfair practices as these unethical means stop or hinder the laws or policies from functioning at their free will. Due to this, political operations of the economy are disrupted which in turn leads to whole society being prone to suffering. Some of the impacts of corruption on the economy are as follows: Bad quality and increased prices and inefficient allocation of the resources. Corruption slowly paves the way for monopoly. Internal dealings are made such that the contracts are awarded the rewards and the operations take place in such a manner that one group or organization becomes the sole and only produced or manufacturer or distributor or supplier or vendor of the product eliminating other computers leading to monopoly (Ahmed, M. U. & Pulok, M. H., 2017). This is a dirty game where in the people’s greed for more and more money makes them to resort to such unethical means or practices. The owners of the business in the economy may make use of their connections and bribe the governmental officials that have the authority to approve or reject certain business or economic decisions (Li, H., Xu, L. C., & Zou, H. F., 2000). These corrupt business owners ask for favors that may lead to their competitor’s failure in growing up economically and ultimately stumbling down. This way when all their competitors are eliminated, the only business that remains running is the corrupt people’s business and thus they take advantage of this situation by raising the prices. The users or the common people in the economy are left with no choice but to pay high prices as the they are left with no other choices. Corruption is one of the major issues for any country and economic progress, such issues of corruption can be certainly related to the circumstance of natural resource profusion like a natural resource, the increase is a tremendously high charge process (Leite, M. C., & Weidmann, J. 1999). Growing identification of the major impact of corruption in the process of economic progression stimulated in a segment by US political issues about weak rules on the authenticity of corruption also has triggered a huge deliberate on the political-economy reflections of corruption has routed to implications of important anti-corruption endeavors on the shoulders of various international and nongovernmental organizations (Li, H., Xu, L ...

1. Hello All,
Corruption involves various types like misusing of one’s power,
privileges, or authority for their personal gains. Personal gain
can be either in the form of money or achieving some other
goals that are not legal through dishonesty and unfair means or
practices. Corruption afflicted economies or in other words
corrupted economies do not have the capability to flourish and
prosper to the full extend compared to the economies that are
not afflicted with any corruption or corrupt practices or
economies that are inflicted with bare minimum or very less
levels of corruption. The functioning of the economies will be
disrupted due to unfair practices as these unethical means stop
or hinder the laws or policies from functioning at their free will.
Due to this, political operations of the economy are disrupted
which in turn leads to whole society being prone to suffering.
Some of the impacts of corruption on the economy are as
follows: Bad quality and increased prices and inefficient
allocation of the resources.
Corruption slowly paves the way for monopoly. Internal
dealings are made such that the contracts are awarded the
rewards and the operations take place in such a manner that one
group or organization becomes the sole and only produced or
manufacturer or distributor or supplier or vendor of the product
eliminating other computers leading to monopoly (Ahmed, M.
U. & Pulok, M. H., 2017). This is a dirty game where in the
people’s greed for more and more money makes them to resort
to such unethical means or practices. The owners of the
business in the economy may make use of their connections and
bribe the governmental officials that have the authority to
approve or reject certain business or economic decisions (Li,
H., Xu, L. C., & Zou, H. F., 2000). These corrupt business
owners ask for favors that may lead to their competitor’s failure
in growing up economically and ultimately stumbling down.
This way when all their competitors are eliminated, the only

2. business that remains running is the corrupt people’s business
and thus they take advantage of this situation by raising the
prices. The users or the common people in the economy are left
with no choice but to pay high prices as the they are left with no
other choices.
Corruption is one of the major issues for any country and
economic progress, such issues of corruption can be certainly
related to the circumstance of natural resource profusion like a
natural resource, the increase is a tremendously high charge
process (Leite, M. C., & Weidmann, J. 1999). Growing
identification of the major impact of corruption in the process
of economic progression stimulated in a segment by US
political issues about weak rules on the authenticity of
corruption also has triggered a huge deliberate on the political -
economy reflections of corruption has routed to implications of
important anti-corruption endeavors on the shoulders of various
international and nongovernmental organizations (Li, H., Xu, L.
C., & Zou, H. F. 2000). Many research works tend to support
the idea that corruption impacts negatively on social and
national development. Competence measurements of corruption
can be greatly affected by two extra deliberations are the range
of corruption and the character of the corrupt method. The asset
streams are a transmission path to the damaging outcome of
corruption, the bride participants’ internalizes effects, thus
dropping the uneconomical outcomes of bribery (Fisman, R., &
Svensson, J. 2007). However, once it well-established,
corruption is hard to control from spreading many spaces in
which it could be economically unviable. Corruption will take
many shapes, and it can even be entrenched in cultural
practices. Although its examination commonly focuses on the
element connected with government action. Considering
corruption as an illegitimate activity we must follow the expert
decision that the chance of committing an offense depends
mostly on the consequence forced on a vision of being caught.

3. Moreover, the prevention value of the charges of corruption
based on the knack and compliance of the systems to implement
the strong laws and regulations along with the authenticity of
execution