Answer:
Cost benefit analysis is a way for society to make decisions about complicated issues such as education, health care, transportation, or the environment.
Explanation:
Cost benefit analysis involves a comparison of the costs of an action compared with considerations of the benefits of that action. The most important component of a cost benefit analysis is the base situation or what would happen if no changes were made. A cost-benefit analysis is a process, businesses use to analyze decisions.
Environmental cost-benefit analysis refers to the economic appraisal of policies and projects that have the deliberate aim of improving the provision of environmental services or actions that might affect. it is estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieving benefits.
