Question

Cost benifit analysis vs cost effective analysis in education

Answer 1

Answer:

In contrast, cost-effectiveness analysis compares two outcomes based on relative costs to see which of the two provides the best opportunities for success. The easy way to remember the difference is a benefit is a desired financial reward while effectiveness is the potential success of the program.

Answer 2

Cost Benefit Analysis (CBA) and Cost Effectiveness Analysis (CEA) are the economic evaluation techniques.

the relative costs and outcomes (effects) of different courses of action. Cost-effectiveness analysis is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect......