What is the common name of the list that includes drugs approved for use based on therapeutic and economic considerations?

The term "formulary" refers to a list of medications that are approved for use within a particular healthcare system or insurance plan, taking into account both therapeutic benefits and economic factors. Formularies serve as an essential tool for guiding clinicians in choosing medications that are both effective in treating patients and cost-efficient, ultimately managing healthcare costs while ensuring quality patient care.

In contrast, a "drug index" typically serves as a reference guide to various drugs available, providing details such as indications, contraindications, dosage forms, etc., but does not necessarily reflect economic considerations or specific approvals for use. An "inventory" refers to an itemized list of medicine stocks available in a pharmacy or hospital, focusing on supply rather than clinical guidelines. A "pharmacopoeia" is an official publication that contains a list of medicinal drugs and their standards, but it does not take into account therapeutic and economic provisions within specific healthcare contexts. Thus, the formulary is distinct in its purpose, making it the accurate choice for the question posed.