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cost/benefit analysis

Owned by Dennis Daggett (Deactivated)
2018-02-16
1 min read

The evaluation of projects, policies, and programs in terms of economic costs and benefits. A quantitative and sometimes qualitative evaluation of the costs which would be incurred by some action (such as building a dam, or implementing an environmental regulation) versus the overall benefits to society of the proposed action. See [[risk-benefit analysis]].

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