Definition of «economic benefits»

The term "economic benefits" refers to the advantages or gains that result from an economic activity, policy, or program. These can include increased revenue, job creation, reduced costs, and improved efficiency, among others. Economic benefits are typically measured in terms of their impact on a country's GDP (Gross Domestic Product), which represents the total value of goods and services produced within a country over a specific period of time. In summary, economic benefits refer to any positive outcomes that result from an economic decision or action, and can have significant implications for a society's overall well-being and prosperity.

Sentences with «economic benefits»

  • The model specifically takes into consideration the potential economic benefits of energy efficiency investments. (aceee.org)
  • The Fellows were able to secure more than $ 1.9 million in economic benefits for low - income and homeless veterans, returning $ 13 to every $ 1 in federal government investment. (equaljusticeworks.org)
  • This finding suggests a source of potential economic benefits from strengthening regulations on ozone pollution; these benefits of course need to be compared with other costs and benefits. (nber.org)
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