Answer:
we can go in a flood and unhealthy air
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.
Answer:
Meritocracy is defined as a bureaucracy where membership and advancement is based on proven and documented skills.
It is precisely that , yet may be of personal implications
