Describe different approaches of Cost Analysis. Differentiate Cost Effective Analysis from Cost Benefit Analysis

Cost analysis refers to the evaluation and examination of costs associated with a particular project, process, or decision. It aims to assess the financial implications of different options and helps organizations make informed choices based on cost-related factors. There are several approaches to cost analysis, including cost-effectiveness analysis and cost-benefit analysis. Here's a description of each approach and the key differences between them:

1. Cost-Effectiveness Analysis (CEA):
Cost-effectiveness analysis evaluates the costs and outcomes of alternative options or interventions to determine the most efficient means of achieving a specific objective. It compares the costs of different interventions with their associated outcomes, often in non-monetary terms. The primary focus of CEA is on efficiency, aiming to identify the option that provides the greatest "bang for the buck" in terms of achieving a particular outcome.

CEA involves measuring outcomes in common units, such as the cost per unit of health improvement, educational achievement, __________ ____ ____ ________ ______ ________ _________ __________ ___ _______ __________.
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