Question

1. What are the roles of the legislature, the judiciary, and the regulatory agency in deregulation? How do interest groups affect deregulation? Should they be allowed to affect regulatory policy?

Answer 1

1) The laws enacted by the legislatures are implemented by the regulatory agencies. It is a government body functioning Judicial functions, quasi legislative functions and executive functions. political environment of of interest group affects deregulation.Regulatory agencies can be influenced through the strength and relations of these groups.The enforcement of law is the basic function performed by regulatory agencies. If a business violates the law enforced the agency has th power to investigate it. The authority ensures safety as well as protectin to the customers. The agencies deals in areas such as rulemaking, administrative law, secondary legislation, regulatory law. Deregulation is the situation where government protectin the restriction on business.

2) Through deregulation the power od government in a market is reduced or fully eliminated. Thus it lead to higher rate of competition in ,market. The interest groups including organization , individuals are mostly influenced by the policy of government. Thus deregulation ultimately helps the interest groups because it lead to increased competition, high production and thereby it reduces the prices. moreover deregulation helps in innovation. It helps small interest groups indirectly. The barriers of interest groups to enter th market is reduced to the large extent. .Powerful parties have greater influence in regulatory agents and other higher levels .An stronger interest group can shape public according ti their strength favor and use of media can be used by them.It some times have more voice then majority being a minority in public it is a bad effect.Traditional value colation ,colation along with lobbying are examples.It creates political gridlock as the elected officers and decisions to meet satisfaction of interest groups.they have like minded opinions as their satisfaction.Money game and bribe is major role in influencing satisfaction.

The producers  may have less control over comparatively competitors. Taxpayers need not topiary the expenses for operating regulatory agency. It give consumers more choice.

3) Interest groups influences the policies of public. Sometimes interest group have direct effect on policy making. It happens when the policy makers fails to convince the merits of the policy to the interest groups if effects on decision. Thus they are regulatory to lobby groups or pressure groups. Interest groups includes both supporters and opponents.They are classified as the purpose as public interest, economic,and professional .They have more influence on public to have reoffers based on open hearing of policies.It improves decision making policies.Influence of interest groups have negative influence also which is regulated by the countries it includes lobbying ,conflicts based on laws etc.Regulatory policy is combined of laws ,regulations by government to achieve objectives and ignorer to have better result in economic and social issues ignorer citizens and affect organisations.Federal regulation of lobbying act is an act approved by united states as a part of regulatory policy.Through influence of interest groups sometimes,deregulation government power is eliminated from an organiation.It can be reduced by implementing control through regulatory policies by countries.