Compare and Contrast Cost-Effectiveness Analysis and Cost-Benefit Analysis

question 3

Essay

Compare and contrast cost-effectiveness analysis and cost-benefit analysis.

---

Definitions:

Energy

The quantitative property that must be transferred to an object in order to perform work on, or to heat, the object, existing in various forms such as kinetic, potential, thermal, and others.

Doomsday Projections

Predictions or forecasts about catastrophic future events leading to severe disruption or destruction.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Forecasts

Predictions or estimates of future events, especially concerning weather or economic trends.