Choose which of the following is reason for a state failure.
Understand the Problem
The question is asking to identify which of the provided options is a reason for state failure. This requires knowledge of economic concepts and state performance.
Answer
Regulatory capture.
The final answer is 'Regulatory capture'.
Answer for screen readers
The final answer is 'Regulatory capture'.
More Information
Regulatory capture refers to a situation where regulatory agencies are dominated by the industries or interests they are supposed to regulate, leading to failures in enforcement and policy-making.
Tips
Avoid confusing related economic concepts such as negative externalities and market inequalities with regulatory capture, which directly relates to state governance issues.
Sources
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