Meaning & use
economic feasibility
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Meaning
phraseuncountablebusinessfinance
The extent to which a project can make enough money or value to justify its costs.
Grammar: Used as an uncountable noun phrase: economic feasibility is assessed, not counted.
Patterns
- assess economic feasibility
- the economic feasibility of something
- demonstrate economic feasibility
The team assessed the economic feasibility of building a new factory.
Before investing, they studied the economic feasibility of the plan.
The report questioned the economic feasibility of the project given rising costs.
Common combinations
- assess economic feasibility
- Engineers must assess economic feasibility before construction starts.
- study the economic feasibility of
- She studied the economic feasibility of opening a second store.
- economic feasibility study
- The bank required a full economic feasibility study.
- question the economic feasibility
- Investors questioned the economic feasibility of the design.
Synonyms and how they differ
- financial viability
- Similar meaning, but it stresses long-term survival rather than whether benefits outweigh costs.
- cost-effectiveness
- Focuses on value for money rather than whether the project is worth doing at all.
Word family
- economically feasible adjective
- Describing something that makes financial sense.
- feasibility noun
- The general quality of being possible or practical.
Commonly confused: economic feasibility or economic feasibility vs. technical feasibility?
economic feasibility vs economic feasibility vs. technical feasibility
Economic feasibility concerns money and value; technical feasibility concerns whether something can be built or done at all.
Practice
A company wants to know whether a new product will earn more than it costs to make. What is it checking?
Choose one answer.
Economic feasibility compares costs with expected income or value. Technical feasibility asks whether the product can be made, not whether it will pay off.
Make it your own
Write a sentence using “economic feasibility”, then check it and compare it with the examples above.