Big markets need standards to achieve success. Otherwise, without substantial control, markets fail due to poor quality. The bad quality of food and drugs may result in the death or illness of people. In 1937, a drug called Elixir Sulfanilamide poisoned and caused 100 deaths in the US which led to the passing of The Food and Drug Administration Act of 1938. The Food and Drug Administration works to minimize the adverse effects of food and drugs. Likewise, the FDA ensures the true labeling of foods and drugs on the market. The FDA focus on the drugs, food, medical devices, and cosmetics.
It is important to control drugs on markets because of the high potential of abuse. The drug abuse may lead to the death