Examlex
The branch is charged with interpreting the laws in the course of applying them to particular disputes.
Regulatory Capture
Regulatory capture is a situation where regulatory agencies are dominated by the industries they are supposed to be regulating, leading to decision making that benefits the industry rather than the public.
Industry Being Regulated
The sector of an economy that is subject to oversight and control by governmental or regulatory bodies to ensure fairness, safety, and adherence to rules.
Inefficiencies
Situations or processes that waste resources, resulting in lower productivity or effectiveness than potentially achievable.
Public Choice Theory
The economic analysis of government decision making, politics, and elections.
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Q75: Reasons are the explanations or justifications provided