Explain the meaning and concept of cost benefit analysis.

Cost–benefit analysis, also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieving benefits while preserving savings.It can be explained as a procedure for estimating all costs involved and possible profits to be derived from a business opportunity or proposal.is to ascertain the soundness of any investment opportunity and provide a basis for making comparisons with other such proposals. All positives and negatives of the project are first _________ ______ _____ __________ _____ _______ ____ __________ ______ _________ ____.
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