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Definition of Corruption Corruption is the abuse of entrusted power for private gain. It can take many forms, ranging from bribery and embezzlement to nepotism and patronage. Corruption undermines the integrity of institutions, erodes public trust, and hampers economic development. It is a complex social, political, and economic phenomenon that […]

Definition of Correlation Coefficient The correlation coefficient is a statistical measure that calculates the strength of the relationship between the relative movements of two variables. The values range between -1.0 and 1.0. A correlation of 1.0 indicates a perfect positive relationship between two variables, meaning that as one variable increases, […]

Definition of Corporatism Corporatism is a socio-political system in which interest groups, or corporations (in the classical sense of the term, referring to bodies or collective units, not necessarily business entities as commonly understood today), have a direct role in governing and making policy. This approach emphasizes the role of […]

Definition of Corporation Tax Corporation tax is a tax imposed on the income or profit of corporations and other business entities by the government. It is a direct tax that a company must pay on its profits within a given financial year. The rate at which corporation tax is levied […]

Definition of Corporate Sector The corporate sector refers to the portion of the economy composed of businesses and companies that operate for profit. This sector includes entities ranging from small businesses to multinational corporations. Enterprises within this sector are legally recognized and have distinct rights, liabilities, and obligations. The corporate […]

Definition of Corporate Income Tax Corporate income tax refers to a direct tax imposed by a jurisdiction on the income or profit of corporations and analogous legal entities. The tax rate can vary by country or, in some cases, within countries by region. The taxable income for a corporation is […]

Definition of Corporate Governance Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It encompasses the mechanisms through which companies, and those in control, are held to account. Corporate governance essentially involves balancing the interests of a company’s many stakeholders, including shareholders, […]

Definition of Corporate Equity Corporate equity represents the ownership interest held by shareholders in a corporation, measured in terms of shares of stock issued and outstanding. It is the residual interest in the assets of the corporation after deducting liabilities. In essence, equity signifies the shareholders’ stake in the company. […]

Definition of Corner Solution A corner solution refers to a situation in microeconomic theory where the optimal choice for a consumer or firm is at the extreme point of its consumption set, meaning the entity spends all of its resources on either one good or another, rather than a mix […]