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A bureaucratic institution that operates primarily without executive or legislative oversight is referred to as an independent regulatory agency.
<h3>What are the functions of independent regulatory agencies?</h3>
Independent regulatory agencies are federal agencies that are apart from the executive departments and were established by an act of Congress.
Despite the fact that they are part of the executive branch, these agencies are intended to impose and implement regulations without regard for political considerations.
The regulatory agency is an independent governmental entity formed by statute to develop and enforce standards in a certain field of activity, or operations, in the private sector of the economy.
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<span>Large plantations replaced small farms. </span>
There were major political differences between the Federalists and the Republicans during 1790 that led to the creation of political parties in the United States.
<h3>How were political parties in the US created?</h3>
During the 1790s, a great amount of imbalance was experienced in the American society. Thomas Jefferson and Alexander Hamilton had been under conflicts.
Their conflicts led to the creation of two different political parties in the US. Federalists and Republican Parties were created due to the political differences.
Hence, significance of US political parties is aforementioned.
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