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cost-benefit analysis |
Also found in: Medical, Financial, Wikipedia | 0.04 sec. |
cost-benefit analysisIn governmental planning and budgeting, the attempt to measure the social benefits of a proposed project in monetary terms and compare them with its costs. The procedure was first proposed in 1844 by Arsène-Jules-Étienne-Juvénal Dupuit (1804–66). It was not seriously applied until the 1936 U.S. Flood Control Act, which required that the benefits of flood-control projects exceed their costs. A cost-benefit ratio is determined by dividing the projected benefits of a program by the projected costs. A wide range of variables, including nonquantitative ones such as quality of life, are often considered because the value of the benefits may be indirect or projected far into the future. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Nor does it help when the experience of parenthood is reduced to an economic calculation of unthinkably high dollar costs per child--implicitly suggesting that only the well-off can truly afford to be parents. An important economic calculation was involved, as Moscow sought to ensure access and control over the major transportation routes and energy pipelines crisscrossing the region. In addition, Engel argues that patriarchal values reinforced and often superseded economic calculation. |
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