Question

Define engineering economics

Answer 1

Answer:

Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "... application of economic principles" in the analysis of engineering decisions. ... Thus, it focuses on the decision making process, its context and environment.

Explanation:

hope its helpful to you..

..pls mark me as a Brainliest Answer

Answer 2

Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "...application of economic principles" in the analysis of engineering decisions.

Engineering economics requires the application of engineering design and analysis principles to provide goods and services that satisfy the consumer at an affordable cost. ... Engineering economics involves the systematic evaluation of the economic benefits of proposed solutions to engineering problems.