Definition for Cost-benefit analysis

From Biology Forums Dictionary

Revision as of 14:54, 7 February 2018 by Cloveb (Talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

The costs of a proposed action are compared to the benefits that result from the action.

- If benefits > costs: pursue the action. Not all costs and benefits can be identified.