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Corruption


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Corruption can be defined as "the misuse of entrusted power for personal

benefit". It can also be described as letting personal or family relationships influence

economic decision making, be it by private economic agents or by government officials.

Corruption is always kept secret and therefore individual behavior of corrupt agents is

almost impossible to observe systematically in real life. The objectives of government are

vital to the understanding of the diverse negative effects of corruption on the public

service. Corruption renders governments unable or unwilling to maximize the welfare of

the public. It distorts agents' decisions and limits the contractual space available to agents

and the government. Corruption can be broken down into two sections, internal and

external corruption. Internal corruption is the illegal acts and agreements within a police

department by more than one of the officers. External corruption is the illegal acts......

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Approximate Word Count: 1208
Approximate Pages: 5 (260 words per double-spaced page)

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