This document discusses corruption, defining it as wrongdoing by those in positions of authority or power through illegitimate or unethical means, often involving bribery. It identifies common types like petty corruption and state capture. It also examines characteristics of corruption like the involvement of multiple parties and misuse of power for unintended benefits. Additionally, it explores the role of media and effective anti-corruption agencies in combating corruption, and notes corruption hinders development and exacerbates inequality. Laws encouraging accountability and transparency combined with an efficient judiciary and free press can help reduce corruption.