Examlex
A city sets the standard of an acceptable level of emissions or a maximum contaminant level allowed for factories.Which of the following concepts is being applied?
Regulatory Capture
A situation where regulatory agencies are dominated by the industries they are charged with regulating, often leading to regulations that serve the interests of those industries.
Deregulation
The process of removing or reducing government restrictions and regulations with the aim to improve business efficiency or facilitate free-market operations.
Industry Experts
Individuals with extensive knowledge and experience within a specific field, often sought after for their insight and advice.
Deregulation
The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
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