Cost-benefit analysis is a simple way of determining the value provision a good brings to society.

Question

Quizplus · Accepted Answer

Cost-benefit analysis is a complex process that involves estimating and totaling up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile. It considers both quantitative and qualitative factors, making it not just a simple calculation.

Cost-Benefit Analysis Is a Simple Way of Determining the Value