The abuse of Public power for private benefit is called Corruption. It not only in Private Sectors but also in Government Sectors.
Factors that promote Corruption
Two factors that promote Corruption are:
Ø Direct Factors
Ø Indirect Factors
Corruption is generally concerned with the activities of the state and especially with the monopoly and discretionary power of the State.
Ø Regulations And Authorizations
Ø Spending Decisions
Ø Provision for goods and services at below market prices
Ø Financing Of Parties
Besides the Factors that promote Corruption directly, discussed in the previous section , other factors can contribute to Corruption indirectly. Some of these are discussed briefly in this section.
Ø Quality Of Bureaucracy
Ø Level Of Public Sector Wages
Ø Penalty Systems
Ø Institutional Controls
Ø Transparency Of Rules, Laws And Process
Ø Examples by the Leadership
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