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LOI 2 - Impacts of corruption on people and economy.
Key concept : Change
Impacts refer to the disadvantages caused by corruption.
The impact of corruption on people and economy are insecurity, erosion of resources, erodes peoples trust, weak framework of organisations. Illegal activity in economy includes unreported income from the production and consumption sector for which taxes should be paid.
If we reduce the amount of corruption happening around the world we will have a reduced impact automatically.
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