Collaboration between organized private interests and the state,institutionalized in advisory committees attached to administrative agencies,is called

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Neocorporatism refers to a system of policy-making involving close collaboration between the state and organizations representing different socio-economic groups such as employers, labor unions, and professional associations. This collaboration is institutionalized through advisory committees attached to administrative agencies, known as "tripartite" or "consultative" bodies. This process is different from old corporatism, where interest groups had a direct role in policy-making without state mediation or involvement. Monopoly refers to market concentration by a single firm or group of firms, while conflict of interest refers to a situation where a person's interests conflict with their professional or official duties.

Collaboration Between Organized Private Interests and the State,institutionalized in Advisory