Examlex
In the _____ structure, the organization is viewed as a central hub surrounded by a network of outside specialists which are sometimes spread all over the world.
Regulatory Capture
A situation where regulatory agencies are dominated by the industries they are supposed to be regulating, leading to decision making that benefits the industry at the expense of the public good.
Economic Efficiency
A situation in which it is not possible to improve overall economic welfare by reallocating resources amongst individuals, implying no waste is occurring.
Deregulated Industry
An industry where government restrictions on business operations, such as price controls and market entry, have been reduced or eliminated.
Pork-Barrel Politics
involves government spending for localized projects secured primarily to bring money to a representative's district, often criticized as wasteful or aimed at gaining political favor.
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