Cost-Benefit Analysis

Analogy

Let’s dive into our pizza analogy to grasp the essence of cost-benefit analysis. You’re standing in front of a pizza joint, contemplating whether to buy a slice. To decide, you weigh the cost (the price of the slice) against the benefits (the satisfaction of eating a delicious slice). If the benefits outweigh the cost, it’s a go! But if the cost exceeds the benefits, you might consider saving your dough for something else.