Answer: Regulators promote the interests of the firms they regulate.
Explanation: Capture theory of regulation asserts that regulators promote the interest of the firms they regulate. The result is that an agency that are charged with acting in the public interest, instead acts in ways that benefit the industry it is supposed to be regulating. Capture theory of regulation is a theory that explains agency established to regulate an industry for the benefit of society acts in the opposite to promote the benefit of the industry.
Regulatory capture is an economic theory which asserts that regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The captured agency begins to advance the interests of the industry rather than protecting the consumers. Problems arise when a regulating agency acts in the interests of regulated industry to the detriment of the general public.
In 1750 the price of a cotton shirt was much higher because there was less efficient technology.
The Iron Curtain was a problem because it blockaded access to East Berlin and prevented the free flow of Germans across the borders between East and West Germany. More broadly it prevented the movement of ideas and peoples across this artificially created boundary. And more importantly than that it signified the dividing line of the Cold War between Western Europe and the United States and the Soviet Union which had a major impact on fomenting mistrust and conflict.
Basically, figure out how the 'path' compares to life. Life can be easy (very level) and beautiful (very serene) but it can also be difficult and full of hardship (winding and full of undergrowth). Life can go in different directions and present one with many choices (fork into several directions) and life or things in life can help you realize where you want to go, and what you want to do (landmarks and signs). And lastly, life has an end (as paths do).
