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Understanding Corruption: Definitions, Types, and Causes

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Corruption, according to Transparency International, is the abuse of entrusted power for private gain, encompassing bribery, embezzlement, and influence peddling, affecting public trust in institutions. Rent-seeking, a key cause, involves individuals or firms using their influence to gain economic benefits without contributing to productivity, often exploiting loopholes to maximize personal profits

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#corruption#transparency international#anti-corruption#rent-seeking
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