What is another word for paradigm of cost-benefit approach?
Pronunciation: [pˈaɹədˌa͡ɪm ɒv kˈɒstbˈɛnɪfˌɪt ɐpɹˈə͡ʊt͡ʃ] (IPA) 
The paradigm of cost-benefit approach can be described using several synonyms. For instance, it is a financial framework or model that is used to weigh the pros and cons of a project, policy, or decision. It is also called a cost-benefit analysis, which is designed to compare the total costs of an action against its potential benefits. Other synonyms include value analysis, trade-offs, and opportunity costs. All of these terms are used to describe the same basic idea, which is to determine whether a decision or action will be economically feasible in the long run. Ultimately, the paradigm of cost-benefit approach seeks to ensure that decisions are made based on sound financial principles and that resources are allocated efficiently.
