Cost-Benefit

{
  "id": "MLC-T-ENV-006792",
  "term": "Cost-Benefit",
  "field": "Environment",
  "definitions": [
    "A criterion for comparing programs and alternatives when benefits can be valued in dollars. Cost-benefit is the ratio of dollar value of benefit divided by cost. It allows comparison between programs and alternative methods.",
    "A quantitative evaluation of the costs which would be incurred versus the overall benefits to society of a proposed action such as the establishment of an acceptable dose of a toxic chemical."
  ],
  "subject": [
    "Policy and guidance",
    "Laws, regulations and executive orders"
  ],
  "references": [
    "Program Evaluation Glossary",
    "Drinking Water Technical & Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/environment/cost-benefit/"
}