Academic Journal of Business & Management, 2023, 5(9); doi: 10.25236/AJBM.2023.050913.
Zibo Vocational College, Zibo, Shandong, China
Cost-benefit, cost-effectiveness, and cost-utility analyses are part of a group of methods that measure the efficiency of interventions and achieving desired outcomes. These types analyses can help organizations analyze the value of an intervention or program relative to its cost. Cost-effectiveness analysis can also be used to evaluate the expenditure of management. Developing countries often worry, with good reason, that regulation of the environment and public health could drag down economic development or exacerbate poverty. Cost-benefit analysis can show that well-designed regulations produce net economic benefits, allinging concerns that environmental and health protections are a drag on economic development. The effective consumption of a given product. Under certain production conditions is certain, is relatively fixed; For the acquisition of a certain product of ineffective consumption, is relative change, is universal. The latter is the object of control, to control this consumption through a series of measures to reduce it to the lowest point.
Cost-benefit Analysis, Cost-effectiveness analysis, Cost minimization analysis
Han Tingting. Analysis on the three methods of economic analysis with specific examples. Academic Journal of Business & Management (2023) Vol. 5, Issue 9: 85-89. https://doi.org/10.25236/AJBM.2023.050913.
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