A government agency that independently regulates industry practice is an example of quasi-government regulation.

Question

Quizplus · Accepted Answer

Quasi-government regulation refers to a situation where a non-governmental entity is granted some degree of regulatory authority over an industry or sector. These entities are often created by the government but operate independently from it. Examples include industry associations, self-regulatory organizations, and independent regulatory agencies. Therefore, a government agency that independently regulates industry practice is an example of quasi-government regulation.

A Government Agency That Independently Regulates Industry Practice Is an Example