Final answer:
An independent regulatory agency is a government agency that creates and enforces regulations in a specific industry. Examples include the FDA and FCC.
Step-by-step explanation:
An independent regulatory agency is a type of government agency that is responsible for creating and enforcing regulations in a specific industry or sector. These agencies are considered independent because they are not subject to the regulatory authority of any specific department. They are tasked with ensuring compliance with laws and regulations, protecting consumers, and promoting the public interest.
One example of an independent regulatory agency is the Food and Drug Administration (FDA). The FDA is responsible for regulating and overseeing the safety and effectiveness of food, drugs, medical devices, vaccines, and other products. It ensures that these products meet certain standards and are safe for public use.