Corporate crime refers to illegal or unethical actions committed by a company or individuals acting on its behalf, primarily to achieve financial gains or maintain a competitive advantage. This type of crime can involve various activities such as fraud, insider trading, false advertising, and health and safety violations.
Unlike individual crimes, corporate crime is typically committed within the context of the company's regular business practices and often affects a large number of people, including consumers, employees, and the wider community.
Understanding corporate crime is important for GCSE Sociology students as it highlights issues of power and regulation within societies, examining how laws and ethical standards are applied differently to corporate entities compared to individuals.
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