Which of the following terms refers to a regulatory agency that seems to serve, rather than oversee, the interests it monitors?

Question

Business

Patricia Doyle

23 April, 13:43

Which of the following terms refers to a regulatory agency that seems to serve, rather than oversee, the interests it monitors?

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Answers (1)

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Alexis Cantu · Answer 1

captured agencies

Explanation:

Captured agencies are regulatory agencies that serve the commercial or political interests of an interest group instead of the interests of the whole population.

Interest groups may be constitute by people of a specific geographical area, industry, profession, or ideology. When an agency is captured by an interest group, the interest of the special group prevail over the interests of the general population. Captured agencies are closely associated with rent-seeking and political corruption.