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The Food and Drug Administration
The Food and Drug Administration (FDA) is an agency of the U.S Department of Health and
Human Services that safeguards the health of the public by guaranteeing safety as well as
security of America’s medicine, food supplies, products and medical devices. Additionally,
the FDA is accountable for making the aforementioned utilities safe, effective and more
affordable. Also, the agency offers the public with the data regarding medicine and food that
they require to improve their wellbeing. To businesses today, the FDA undertakes economic
analyses of all essential proposed well as ultimate regulations. Every economic analysis
entails an evaluation of the cost-effectiveness, benefits and prices of the actions, and the
evaluations of the cost-effectiveness, gains and costs of the most viable optional actions.
When comparing the impact of the proposed laws with the impacts of the promising options,
the FDA approximates both the incremental foregone gains as well as the costs linked with
the decrease in the stringency of the law and the incremental costs and benefits related to the
increased stringency of the law. Therefore, the data on benefits and incremental costs assists
the FAD to select which controls exclude and include when dealing with a smorgasbord of
approaches to tackle public health issues (U.S. Food & Drug Adminstration).
Intent or Purpose of the FDA
The agency traces its origin to the establishment of the Agricultural Division in the Patent
Office in the year 1848. The agency’s origin as federal consumer protection administration
started with the legit...