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Economic Internal Rate of Return or "EIRR" includes all financial benefits of a projects and non financial benefits (for example CO2 savings, decreased health care interventions, reduced traffic and many other benefits that a project can have on the observed area) of a project expressed with a monetary unit.

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What is the difference between economic development and financial development?

Economic development, generally speaking, is a process of change that is focused on the betterment of the community, state, and/or nation and financial development is a part of of economic development important part.. it is more on financial.


What major economic events happened between the years 1997-1998?

all I can say is the Asian financial crisis in 1997


What are the differences between economic development and financial system?

Economics development is a measurement of how an economy is developing and takes into account the standard of living, environmental sustainability, social inclusion, competitiveness, infrastructure and human capital levels. The financial system is the system which allows the transfer of money between savers and borrowers.


What is the difference between economic constraints and political constraints?

Economic constraints refer to limitations imposed by financial resources, market conditions, or economic policies that affect decision-making and behavior in economic activities. In contrast, political constraints involve restrictions arising from governmental regulations, political stability, and the influence of political actors on policy-making. While economic constraints focus on material and financial factors, political constraints emphasize the governance and regulatory environment that shapes economic outcomes. Together, these constraints can significantly impact how individuals, businesses, and governments operate.


What is the importance of the financial sector in the circular flow?

The financial sector plays a crucial role in the circular flow of the economy by facilitating the movement of money between households, businesses, and the government. It acts as an intermediary, channeling savings from households into investments for businesses, which drives production and growth. Additionally, the financial sector provides the necessary liquidity and credit that enable economic transactions, thereby enhancing overall economic efficiency and stability. This interconnectedness helps sustain economic activity and fosters long-term development.