The Economics of Corruption Explained in One Minute: Definition/Meaning, Examples and Costs/Effects @OneMinuteEconomics
The Economics of Corruption Explained in One Minute: Definition/Meaning, Examples and Costs/Effects  @OneMinuteEconomics
Uploaded June 2019 | Updated September 2026, 52 minutes ago
You've undoubtedly heard pundits talk about corruption quite a bit, whether you live in a rich country like the United States or a poorer one.

However, since the term is very frequently used but not as frequently explained, the average person knows corruption is a bad thing but has literally no idea what it actually is.

Without understanding at least the basic definition (or meaning) of the term "corruptions" through carefully-chosen examples which also make it clear what the economic effects of corruption are (the costs, in other words), it's difficult to meaningfully follow the many debates surrounding this topics.

By watching this video, you'll understand what corruption is, why it's so tempting and how it affects your day to day existence. Don't make the mistake of believing it's something that only exists in the world of online debates or television shows... nothing could be farther from the truth.

Whether you accept it or not, whether you care or not, the effects of corruption can be found literally everywhere, from the macro level to granular case studies.

Your family is without a doubt affected by it, so why not take a minute (literally) to watch an entertaining explanation of corruption? Wink-wink.

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The Economics of Corruption Explained in One Minute: Definition/Meaning, Examples and Costs/Effects

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