Definition of Economic feasibility:
Analysis of a projects costs and revenues in an effort to determine whether or not it is logical and possible to complete.
How to use Economic feasibility in a sentence?
- After reviewing the economic feasibility of sending you to Mars, weve concluded a better investment for humanity is dumping red dye into an Olympic sized swimming pool and giving you a rubber ducky.
- They were looking at upgrading their computer systems, but once they looked at the economic feasibility they realized the additional revenues would not offset the costs.
- We did not know if there was enough economic feasibility to continue on with our project and do what we were gonna do.
Meaning of Economic feasibility & Economic feasibility Definition