Intro to Mathematical Economics
Impact assessment is a systematic process used to evaluate the potential consequences of a project, policy, or program before it is implemented. It helps to identify both positive and negative impacts on economic, social, and environmental factors, providing crucial insights that inform decision-making and enhance planning. By analyzing these effects, impact assessments can guide resource allocation and help mitigate adverse outcomes.
congrats on reading the definition of Impact Assessment. now let's actually learn it.