When something is abolished, it means that it is completely eliminated or done away with. In the context of regulatory commissions, abolishing them would involve getting rid of these agencies entirely.
Imagine you have a favorite TV show, but suddenly all episodes are canceled and removed from streaming platforms. Abolishing regulatory commissions would be similar to removing those agencies from existence, resulting in no oversight or regulation within specific industries.
Self-regulation: Self-regulation refers to industries or sectors regulating themselves by establishing guidelines and standards without government intervention.
Legislative oversight: Legislative oversight involves the responsibility of elected officials (legislators) to review and monitor the operations and actions of government agencies.
Administrative law: Administrative law consists of legal rules and procedures that govern administrative agencies' activities, including regulatory commissions.
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