Malfeasance

According to the Freedictionay (online legal Dictionary) Malfeasance is the commission of act that is unequivocally illegal or completely wrong. Malfeasance means that an individual intentionally does something either illegally or morally wrong for which they had no right to do.

Individuals behave according to the values and cultures they uphold. Depending on the value they choose, they may engage in illegal or wrongful acts. Also if they associate themselves to cultures which accept wrongdoings then they may be inclined to behave that way. External pressures also have an impact on how individuals behave for example in a situation where employees are face with being laid off because of slow economic growth or no growth, employees may behave in manners that can either keep them in employment or they can behave in a manner that the boss would have no mercy on them in keeping them in employment. They may engage in illegal or wrongful acts which may eventual see their demise.

Economic downturn can be defined as a period of negative or low economic growth, rising unemployment, falling asset prices, low confidence and falling investments and increased government borrowing. These periods generally creates great uncertainty for businesses and employees. A country’s growth is measured by the value of total goods produced and services provided in a year. The term used to describe such growth is Gross Domestic product (GDP). Below is a table of three of the world’s largest economies GDP for the second quarter of each year. We can see clearly that in 2009 the United States suffered negative growth. Negative GDP is a sign for low economic growth.

When there is negative or little economic growth businesses profits are generally low creating instances of massive layoffs. This downturn can be seen by low consumer confidence in the market thereby causing investments to fail, which leaves governments with filling the slacks in the economy. Governments now have to borrow...