Corruption and Crony capitalism

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Corruption and Crony capitalism

Corruption vs. Crony capitalism

Corruption is a form of dishonesty undertaken by a person entrusted with a position of authority, often to acquire personal benefit. Crony capitalism is an economy in which businesses thrive not as a result of risks they take, but rather as a return on money amassed through a nexus between a business class and the political class.

Similarities between Corruption and Crony capitalism

Corruption and Crony capitalism have 6 things in common (in Unionpedia): Free market, Kleptocracy, Lobbying, Monopoly, Political corruption, Regulatory capture.

Free market

In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

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Kleptocracy

Kleptocracy (from Greek κλέπτης kléptēs, "thief", κλέπτω kléptō, "I steal", and -κρατία -kratía from κράτος krátos, "power, rule") is a government with corrupt leaders (kleptocrats) that use their power to exploit the people and natural resources of their own territory in order to extend their personal wealth and political powers.

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Lobbying

Lobbying, persuasion, or interest representation is the act of attempting to influence the actions, policies, or decisions of officials in their daily life, most often legislators or members of regulatory agencies.

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Monopoly

A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.

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Political corruption

Political corruption is the use of powers by government officials or their network contacts for illegitimate private gain.

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Regulatory capture

Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.

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The list above answers the following questions

What Corruption and Crony capitalism have in common
What are the similarities between Corruption and Crony capitalism

Corruption and Crony capitalism Comparison

Corruption has 177 relations, while Crony capitalism has 117. As they have in common 6, the Jaccard index is 2.04% = 6 / (177 + 117).

References

This article shows the relationship between Corruption and Crony capitalism. To access each article from which the information was extracted, please visit:

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