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Effects of Corruption & the Need for Corruption Prevention

Effects of Corruption & the Need for Corruption Prevention<br>It is relatively easy to define corruption and how much money it involves. Instead, this essay emphasizes the value of fighting corruption from an economic standpoint. It aims to demonstrate to the reader:<br>#wajidkhan #wajidkhanMP #politics #canadianpolitician #wajidkhanpolitician

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Effects of Corruption & the Need for Corruption Prevention

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  1. Effects of Corruption & the Need for Corruption Prevention

  2. It is relatively easy to define corruption and how much money it involves. Instead, this essay emphasizes the value of fighting corruption from an economic standpoint. It aims to demonstrate to the reader:

  3. The importance of redistribution based on the Marginal Utility theory, the role that law plays in economic development, the adverse effects of income inequality on sustainable economic growth,

  4. The damaging effects of low approval ratings (unhappiness) on sustainable economic growth, and the harmful effects of corruption on redistribution as well as approval ratings and consequently on sustainable.

  5. Wajid khan simply put, the reasoning is as follows:

  6. Empirical research demonstrates that nations with more vital income redistribution experience more extended periods of economic progress.

  7. The justification for wealth redistribution is based on the notion that if utility is the foundation of economic policy, then wealth redistribution is advantageous because it improves the well-being of the most significant number of people (since the poor stand to gain significantly more from the process than the rich do).

  8. Redistribution should only be constrained by the concept of efficiency cost (based on the idea of marginal utility) (when it robs production from individual incentive)

  9. Even though they occasionally engage in economic growth for various reasons, corrupt countries are unable to adopt appropriate redistribution policies. They, therefore, cannot be expected to gain from sustainable economic development.

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