economic feasibility

USAGE SUMMARY

The phrase "economic feasibility" is correct and usable in written English.
You can use it when discussing the financial viability of a certain project or undertaking. For example, "Before deciding to move forward with the project, an analysis of its economic feasibility should be conducted first."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Furthermore, a brief economical evaluation was performed to verify the economic feasibility of this product.

Construction and Building Materials

Economic feasibility explains the discrepancy.

The New York Times

They also failed to draw up economic feasibility studies or even a basic business plan.

The Guardian - Sport

But it would be a mistake to mandate such standards without first considering economic feasibility.

The New York Times

"But this just comes down to economic feasibility, and the coalition's numbers don't add up".

The New York Times

Ortega has not presented an economic feasibility study or research into the potential environmental impact of the project.

The Guardian

Scarcely populated regions impose unbearable costs on farmers, which undermine the economic feasibility of desalination even further.

The New York Times

But she cautioned that Lightstone was "still exploring the economic feasibility of developing retail on this site".

The New York Times

The prime minister, Malcolm Turnbull, told his party room meeting on Tuesday the government's economic modelling showed the GST hike did not "pass the first hurdle" – economic feasibility.

The Guardian

"The big question is economic feasibility.

Science Magazine

Guarantee economic feasibility.

Energy, Sustainability and Society

Expert writing Tips

Best practice

When discussing the long-term viability of a project, ensure you've considered all potential costs, including hidden expenses and opportunity costs, to accurately assess its "economic feasibility".

Common error

Avoid assuming that a project is economically feasible just because it is technically possible. Technical feasibility only confirms that something can be done, while "economic feasibility" confirms that it should be done from a financial perspective.

Linguistic Context

The phrase "economic feasibility" functions as a noun phrase, typically serving as the subject or object of a sentence. It refers to the practicality and viability of a project or idea from a financial perspective. Ludwig confirms its usability in written English.

Expression frequency: Very common

Frequent in

Science

68%

News & Media

21%

Formal & Business

11%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "economic feasibility" is a frequently used noun phrase that refers to the financial viability of a project or idea. As confirmed by Ludwig, it is grammatically correct and widely accepted in formal and scientific contexts, particularly in science, news and media, and business domains. When assessing the "economic feasibility", consider all potential costs and benefits, avoiding confusion with technical feasibility. Remember, while something may be technically possible, it may not always be economically wise. Consider alternatives like "financial viability" or "profitability" depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Financial viability

Emphasizes the financial aspects of being able to succeed.

Cost-effectiveness

Highlights the balance between cost and effectiveness.

Profitability

Focuses specifically on the ability to generate profit.

Commercial viability

Stresses the potential for success in the marketplace.

Return on investment

Highlights the ratio of profit or loss from an investment relative to its cost.

Budgetary practicality

Addresses how realistic the endeavor is within a certain budget.

Fiscal prudence

Implies careful and wise spending of money.

Affordability

Highlights whether something is within one's financial reach.

Economic sustainability

Indicates long-term economic endurance and viability.

Feasibility from a financial perspective

Emphasizes the assessment of feasibility specifically from a financial viewpoint.

FAQs

How can I assess the "economic feasibility" of a project?

To assess the "economic feasibility" of a project, conduct a thorough cost-benefit analysis, considering all potential revenues, expenses, and risks. Also, consider alternatives like "financial viability" or "profitability".

What factors influence the "economic feasibility" of a business?

Key factors include market demand, production costs, competition, regulatory environment, and access to capital. A comprehensive business plan should address these elements to determine "economic feasibility".

Is there a difference between "economic feasibility" and "cost-effectiveness"?

"Economic feasibility" is a broader assessment of whether a project is financially viable, while "cost-effectiveness" focuses on achieving a specific outcome at the lowest possible cost. A project can be cost-effective but not economically feasible if the overall benefits don't justify the investment.

When should I conduct an "economic feasibility" study?

An "economic feasibility" study should be conducted early in the planning phase of any project or venture, before significant resources are committed. This helps to determine if the project is likely to be successful and worth pursuing. In some cases, "commercial viability" should also be explored.