Finance
Cost-benefit analysis is a systematic approach to evaluating the potential costs and benefits associated with a decision, project, or investment. It helps individuals and organizations weigh the financial implications of their choices, guiding them toward more informed decisions by quantifying the expected outcomes. This analysis is crucial in various fields, including personal finance, corporate decision-making, and public policy, where resources are often limited and competing priorities must be assessed.
congrats on reading the definition of cost-benefit analysis. now let's actually learn it.