Corruption in the market

avatar

Corruption is a state of dishonesty and lack of integrity where people abuse their entrusted power for private gain, this act can be carried out by people in the private or public organisations or set up.

Bribery on the other hand is a situation where someone offers to give or even receive any valuable material in order to influence the decision or actions of an individual holding a legal position. It should be well know that bribery and corruption is exhibited in every part of the world but the truth is some nations of the world or some set of people have become addicted to bribery and corruption to the point that it has influence every aspect of their being, up to the family and religious setting.

photo-1619793527010-1fdbd2764e6c.jpeg

Source
Referring to what I said earlier corruption is not only carried out in the political setting of a nation as many believed it. Of a truth corruption is rampant in the governmental system of many nations this days which have also lingered even up to every aspect of the national system ranging from educational, health etc. As the popular saying stated that when the head is sick, the whole body is sick, this has eventually led to almost every one practicing the system.

Anyways, I think the government have gotten enough for the day, so I won't be focusing on them, because one thing I have come to understand is that when it comes to corruption, everyone is involved in one way or the other, though some of us don't know it.

So, today I will be talking about corruption in the market, let us take a look at our market structure, where most sellers wants to make excess gain out of the little purchase they make showing no concern on how it would affect those that unable to afford it or even increasing the prices of an old stock because of a little increase in price, these are product of corruption, greed and selfishness.

Now come to think of it, if a market seller can manipulate the price of goods just to make much profits, imagine when such person is being placed in a higher position he or she would definitely do worst.

I believe to reduce bribery and corruption, we must start from the head where it started from, the government must make strict law to curtail bribery and corruption follow with severe punishment for offenders and the government itself must adhere strictly to the law it has placed down. Also the supremacy of the constitution must be allowed, so that both the law makers and those they make the law for, where no one will act above the law.

Finally, the religious bodies should endeavor to make a center of their ministration to curtail the act because every leader will always belong to one religious bodies or the other, because like the common saying stated that charity begins at home. Parents should also inculcate the spirit of integrity and sincerity in their children so that the society at large can be better.



0
0
0.000
2 comments
avatar

Mhen!

Honestly, there's so much corruption going on in the market. The unnecessary hike in prices just to have excess gain, selling of fake commodity and advertising it as the "bestest". Oh no, there's so much to mention. Including those who hide under the cloak of religion religion, and they'll still go ahead to be dishonest.

To curb corruption, everyone has to play their role o.

0
0
0.000
avatar

The one that is most annoying is these filling stations that mess with their meters so that they can charge the same amount for less.
It is sick, really.
Thank you for sharing this with us.

0
0
0.000