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Socio-economic feasibility refers to the assessment of a project's viability by evaluating its potential social and economic impacts. It considers factors such as cost-effectiveness, potential benefits to the community, job creation, and overall contribution to economic development. This analysis helps determine whether a project is not only financially viable but also socially acceptable and beneficial to the target population. Ultimately, it ensures that initiatives align with both economic goals and social well-being.
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What is the meaning of socio-economic study in feasibility study?
The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.
What are the four main criteria used to test the feasibility of a project?
The four main criteria used to test the feasibility of a project are technical feasibility, economic feasibility, legal feasibility, and operational feasibility. Technical feasibility assesses whether the project's technology and resources can achieve the desired outcomes. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility considers whether the organization can effectively implement and sustain the project within its existing operational framework.
How can you get evaluation of an energy system idea in terms of engineering feasibility and economic feasibility?
You need a fairly complex system to be evaluated on an energy system in terms of economic feasibility and engineering feasibility.
Explain the4 types of feasibility study in system analysis?
In system analysis, the four types of feasibility studies are technical, economic, legal, and operational feasibility. Technical feasibility assesses whether the proposed system can be developed with the current technology and resources. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility looks at the readiness and capability of the organization to implement and support the system.
Which is better economic model or socioeconomic model?
A socioeconomic model tells you more than an economic model does, so in most cases I would say the socioeconomic model is better.
What is the meaning of socio-economic study in feasibility study?
The meaning of socio-economic study in feasibility study refers to the financial viability of a given business establishment.
What is the meaning of administrative feasibility?
tax laws should be capable of convenient, just and effective administration.
What are the 5 aspects of feasibility study?
technical feasibility financial feasibility delivery wise feasibility these three i know
Components of feasibility study?
The feasibility study has 2 components:1. Feasibility Study Request2. Feasibility Study Report
Downloadable document on feasibility study on insurance company?
you have to study thefollowing 1- economic feasibility 2- technical feasibility 3-financial feasibility 4-marketingb feasibility
Feasibility study examples?
Feasibility study
Components of project feasibility?
1. Feasibility Study Request 2. Feasibility Study report
Areas of Feasibility in knowledge management system?
economic feasibility, technical feasibilty, behavioral feasibility
Parts of feasibility report?
parts of feasibility report
What are the parts of feasibility study?
parts of the feasibility study
What to write in the introduction of feasibility study?
feasibility study
What are the four main criteria used to test the feasibility of a project?
The four main criteria used to test the feasibility of a project are technical feasibility, economic feasibility, legal feasibility, and operational feasibility. Technical feasibility assesses whether the project's technology and resources can achieve the desired outcomes. Economic feasibility evaluates the cost-effectiveness and financial viability of the project. Legal feasibility examines compliance with laws and regulations, while operational feasibility considers whether the organization can effectively implement and sustain the project within its existing operational framework.
