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What is Social Cost-Benefit Analysis Overview about?

Cost-benefit analysis is used to evaluate projects from a societal perspective by quantifying the social costs and benefits in monetary terms. It involves calculating: [1] financial costs and benefits using market prices; [2] economic costs and benefits using shadow prices; and [3] adjustments for impacts on savings, income distribution, and merit goods. Social cost-benefit analysis considers both tangible and intangible costs and benefits, whether paid for or not, that accrue to any member of society.

Author

sambam500

Language

EN