Economic Feasibility

Economic feasibility assesses whether a project or investment is financially viable and worth pursuing. It involves evaluating costs, potential revenue, and overall profitability. Essentially, it answers the question: "Will this project make enough money to justify the investment?" By analyzing factors like expenses, income potential, and return on investment, decision-makers can determine if the project is financially sustainable and aligns with budgetary constraints. In short, it helps ensure that resources are spent wisely and that the project can achieve its financial goals.