To understand the decisions of regulatory bodies, you must first understand how the decisions affect the regulators themselves. The person who made this statement probably believes in the theory of regulation.

Public choice

Explanation:

The public choice theory of regulation recognizes the fact that individuals are driven by self interests so even in the case of regulators, self interests preside over public interests while framing decisions and policies.

The theory states that since the regulators themselves would be affected by the policies they frame, they will not come up with such policies and decisions which adversely affect them.

It disregards economic efficiency as the prime goal of regulatory bodies and lays emphasis on the fact that every individual first serves his own self interests and public interests take a backseat or are always secondary, while arriving at decisions or drafting policies.

answer; possession utility;

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.