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Sagot :
Final answer:
Cost-benefit analysis (CBA) evaluates project benefits versus costs to make informed decisions efficiently.
Explanation:
Cost-benefit analysis (CBA) is a method of evaluating the benefits of a project against its costs to determine feasibility. It involves comparing the gains and losses in monetary terms to make informed decisions.
CBA helps in maximizing benefits and minimizing costs by weighing the potential advantages of a project against its drawbacks. It is essential in decision-making processes to ensure resources are allocated efficiently.
Discounting is a crucial concept in CBA, where future benefits or costs are adjusted to their present value to facilitate meaningful comparisons over time and address controversial issues like climate change policies.
Learn more about Cost-benefit Analysis here:
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