The capture theory of regulation holds that there are certain regulations which are enforced by the regulator agencies and individuals.
The theory of regulatory was attached to some individual such as Nobel laureat and George Stigler the theory explains the phenomenon of a regulation is managed by designated individual who ensures that people comply to regulations.
We have private and public regulations and agency vested with the task to oversee a specific industries are exposed to risk.
Therefore,
The capture theory of regulation holds that there are certain regulations which are enforced by the regulator agencies and individuals.
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