cost-benefit
UK: ˈkɒstˌbɛnɪfɪt | US: ˈkɔːstˌbɛnɪfɪt
n. an analysis comparing the advantages (benefits) and disadvantages (costs) of a decision or action.
adj. relating to or involving such an analysis.
The term "cost-benefit" emerged in the mid-20th century, combining "cost" (from Latin constare, "to stand at a price") and "benefit" (from Latin benefactum, "good deed"). It reflects a pragmatic approach to decision-making by weighing tangible or intangible gains against associated sacrifices. The hyphenated form preserves the dual-root structure, emphasizing the balance between opposing factors.
The city council conducted a cost-benefit analysis before approving the new infrastructure project.
Critics argue that the policy's cost-benefit ratio favors short-term profits over long-term sustainability.
Always consider the cost-benefit implications before investing in expensive technology.
The study provided a detailed cost-benefit breakdown of renewable energy adoption.
Her decision to pursue higher education was based on a personal cost-benefit assessment.