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Should decisions about natural resource policy be made based on cost benefit analysis?

  1. Should decisions about natural resource policy be made based on cost benefit analysis?
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Answer #1

Cost benifit or generally we say benifit to cost analysis that is the ratio of benifits the company recieves and how many cost it occurs for getting the benifit

If cost is less for any operation in the company then B/C ratio is high and vice versa is also true.

As we all know resources are limited whether it is individual ,company or any economy .So it must be used in optimum way and B/C is not the only but one of the most powerful tool to analyse resources for any company about its growth and future plans and its proper use.

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