economic feasibility

Definition

Analysis of a project's costs and revenues in an effort to determine whether or not it is logical and possible to complete.

Use this term in a sentence

  • After reviewing the economic feasibility of sending you to Mars, we've concluded a better investment for humanity is dumping red dye into an Olympic sized swimming pool and giving you a rubber ducky.

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  • They were looking at upgrading their computer systems, but once they looked at the economic feasibility they realized the additional revenues would not offset the costs.

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  • We did not know if there was enough economic feasibility to continue on with our project and do what we were gonna do.

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