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Cost–benefit analysis ( CBA ), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business ...
Trade-off. A trade-off (or tradeoff) is a situational decision that involves diminishing or losing on quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease. Tradeoffs stem from limitations of many origins, including simple ...
Biobased economy, bioeconomy or biotechonomy is economic activity involving the use of biotechnology and biomass in the production of goods, services, or energy. The terms are widely used by regional development agencies, national and international organizations, and biotechnology companies. They are closely linked to the evolution of the ...
Cooperation is a process by which the components of a system work together to achieve the global properties. In other words, individual components that appear to be "selfish" and independent work together to create a highly complex, greater-than-the-sum-of-its-parts system.
An example of operationally defining "personal space". [ 1] In research design, especially in psychology, social sciences, life sciences and physics, operationalization or operationalisation is a process of defining the measurement of a phenomenon which is not directly measurable, though its existence is inferred from other phenomena.
Bloom's taxonomy is a set of three hierarchical models used for classification of educational learning objectives into levels of complexity and specificity. The three lists cover the learning objectives in cognitive, affective and psychomotor domains. The cognitive domain list has been the primary focus of most traditional education and is ...
The uneven prioritization of goals reflects longstanding national development policies. This complicates the global endeavor towards sustainable development. For example, there has long been a tendency to favor socio-economic objectives over environmental ones. [7] Funding remains a critical issue for achieving the SDGs.
In terms of water supply, another example is the limited water available in arid regions (e.g., the area of the Aral Sea and the Los Angeles water system supply, especially at Mono Lake and Owens Lake). In economics, an externality is a cost or benefit that affects a party who did not choose to incur that cost or benefit.