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World English Dictionary
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regulatory capture
reg·u·la·to·ry cap·ture
noun
Definition:
industry regulators serving industry:
an economic situation in which regulators serve the interests of industry rather than the interests of consumers or the environment
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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