Economic viability

Economic viability. The assessment that increases in output produced by a project using the least cost method will recover costs, provide an additional required rate of return, and sustain effective production in the face of uncertainty and risk.
Economic viability can also be defined as the ability to sustain operations on the basis of current and projected revenues equal to or in excess of current and planned expenditures. In other words, an activity that can support itself financially. It can be applied to any economic unit, from a single project to a business to a country

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