👉 Cronyism refers to a political or business practice where individuals or groups benefit from favoritism, favoritism, or other forms of personal advantage in exchange for power or influence. This can include giving favors, bribing officials, or using their positions to secure favorable treatment or deals with others. It is often associated with a culture of corruption and nepotism in politics, business, or any other social system where power is concentrated at the top and few people have access to it.
