It refers to the study of feasibility of a project in terms, Ask an Expert

Economics

It refers to the study of feasibility of a project in terms of its total economic cost and total economic advantages.

It means to compare total cost with total advantage if we add external cost with private cost, its known as total social cost if we add external advantage with private benefit, known as total social benefit.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9533851

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