Nepotism

Cronyism: The Appointment of Friends and Associates to Positions of Authority
Cronyism involves the appointment of friends and associates to positions of authority without proper regard to their qualifications. This term encapsulates practices that undermine meritocracy and can lead to the inefficiency and corruption of institutions.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.