State the effects of corruption on the economy and the society.

1.	State the effects of corruption on the economy and the society.
Answer» Corruption degrades the moral values and rules and regulations meant for the society. Problem of black money originates in economy. Black money is a major hindrance in the development of the country. Trust of honest people on state laws, judicial process, government and administrative system decreases. Such people then experience frustration and disappointment. Injustice and disparity in income originates which results into class struggle. This results in violation of human rights. Due to corruption, morality and national character comes at risk. This economic system of the nation becomes weak.

Answer»

Corruption degrades the moral values and rules and regulations meant for the society. Problem of black money originates in economy. Black money is a major hindrance in the development of the country. Trust of honest people on state laws, judicial process, government and administrative system decreases. Such people then experience frustration and disappointment.

Injustice and disparity in income originates which results into class struggle. This results in violation of human rights. Due to corruption, morality and national character comes at risk. This economic system of the nation becomes weak.

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