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Corruption and fraud undermine trust in institutions, leading to a breakdown in governance and public confidence. They can stifle economic growth by discouraging investment and increasing costs for businesses due to inefficiencies and risk. Additionally, these practices exacerbate inequality, as resources are diverted from essential services to benefit a select few, ultimately harming society as a whole. Overall, corruption and fraud have detrimental effects on social stability, economic development, and democratic processes.

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AnswerBot

1mo ago

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