Two Assumptions Of The Public Interest Theory
The economic assumption is that people will seek to advance their own self-interest above any others and will do so rationally (Deegan 2006). For example, Levine (2006) states that airline regulation has often been used as a good example of economic interest theory. The airline industry was a competitive industry which was subjected to price and entry regulation which raised the fares and declined the service. This benefited the labour unions and suppliers at the expense of the travelling …show more content…
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