How oil price volatility explains these uncertain times By TOM THERRAMUS, 2016/03/01. As oil prices gyrate vigorously in the $30 range, oil-price.net reflects on how surging oil price volatility, the measure of variation in the oil price, is playing out in the oil and stock markets. More Articles:
Cronyism is a more specific form of favoritism, referring to partiality towards friends and associates. Cronyism occurs within a network of insiders-the good ol' boys, who confer favors on one another. Nepotism is an even narrower form of favoritism.
This is termed crony capitalism, and is an ethical breach of the principles of the market economy; in advanced economies, crony capitalism is a breach of market regulations. Given crony capitalism's nature, these dishonest business practices are frequently (yet not exclusively) found in societies with ineffective legal systems.