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Explain Four Different Dimensions That a Technical Feasibility Analysis Should

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Explain four different dimensions that a technical feasibility analysis should consider.


Definitions:

Domestic Price

The price of goods or services within a country's borders, as opposed to their price in the global market.

World Equilibrium Price

The price level at which the supply and demand of a good on a global scale are balanced, leading to a stable international market price.

Diagram

A simplified drawing showing the appearance, structure, or workings of something, typically presented as a plan, chart, or graph.

Price Level

A measure of the average prices of goods and services in an economy at a specific time, often used to assess inflation.

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