COST BENEFIT ANALYSIS


Meaning of COST BENEFIT ANALYSIS in English

Assessment of the direct economic and social costs and benefits of a proposed project for the purpose of project or programme selection. The cost-benefit ratio is determined by dividing the projected benefits of the programme by the projected costs. A programme having a high benefit-cost ratio will take priority over others with lower ratios. United Nations (1997)

Fishery English glossary.      Английский глоссарий рыболовства .