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Q. Can you explain Cost benefit analysis?
A term used to explain analysis, which seeks to quantify in money terms as many of the costs and benefits of a policy or project as possible, including those for which the market does not give a measure of economic value. The expression is sometimes confined to these monetary costs and benefits alone and sometimes used to describe an analysis of all the welfare costs and benefits.
Williamson’s Model of Managerial Discretion
AS STUDENT OF ECONOMICS ELABORATE ON THE KALDOR-HISCKS COMPENSATION
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