Which regulation asserts that,as a general rule,regulation is acquired by the industry and is designed and operated for its benefit?

Question

Quizplus · Accepted Answer

The capture theory of regulation asserts that, as a general rule, regulation is acquired by the industry and is designed and operated for its benefit. This means that regulatory agencies, which are supposed to oversee and regulate industries, may end up being influenced or even controlled by the very industries they are regulating. As a result, regulation may end up serving the interests of industry rather than the public.

Which Regulation Asserts That,as a General Rule,regulation Is Acquired by the Industry