Cost-Benefit Analysis: Meaning and Uses | Investment Projects | Economics

In this article we will discuss about:- 1. Meaning of Cost-Benefit Analysis 2. Use of Cost-Benefit Analysis 3. Cost-Benefit 4. General Steps 5. Internal Rate of Return Approach 6. Shadow Prices and Project Evaluation 7. Importance. Meaning of Cost-Benefit Analysis: While taking business decisions the private firms being driven mainly by profit motive take into account only the internal direct [...]