experimental
Entry: Benefit
URI: https://data.geoscience.earth/ncl/misc/21
Benefits are the favorable effects society gains due to a policy or action. Economists define benefits by focusing on changes in individual well-being, referred to as welfare or utility. Willingness to pay
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| date accepted |
8 Aug 2025 13:49:37.569
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| date submitted |
8 Aug 2025 13:49:19.645
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| definition |
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| item class |
Property
| Concept
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| label |
Benefit
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| notation |
21
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| register |
misc
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| status |
status experimental
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| submitter |
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| type |
register item
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| version info |
2
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Definition
| definition |
Benefits are the favorable effects society gains due to a policy or action. Economists define benefits by focusing on changes in individual well-being, referred to as welfare or utility. Willingness to pay
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| notation |
21
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| pref label |
Benefit
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| source |
US EPA (2014) - Guidelines for preparing econoimc analyses
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| type |
Concept
| Property
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