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Risk-benefit analysis:

Comparison of the short- and long-term risks to the overall societal benefits of an activity, chemical use, or technology. When risks and benefits are expressed in monetary terms, this is effectively cost-benefit analysis. Both the Federal Insecticide, Fungicide, and Rodenticide Act and the Toxic Substances Control Act direct the Environmental Protection Agency to base regulatory decisions on a risk-benefit or cost-benefit basis.

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Information and definitions of the terms been taken from various reliable government publications and we have done our best to verify their accuracy. If you feel any of the definitions are incorrect or needs to be updated please contact us and we will look into it.



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