economic benefit


A benefit that can be expressed numerically as an amount of money that will be saved or generated as the result of an action. Making a business case for a new strategy or product idea usually involves pointing out the economic benefits of the proposal to decision makers, enabling them to measure the financial effects of the proposed change.

Use economic benefit in a sentence

You should try to make sure that you always do things for the overall economic benefit of your companys future.

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A group of politicians decided to have a meeting next week where they would be discussing the economic benefit of lifting sanctions on Iran.

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The board agreed that the economic benefit of closing the Charlotte office outweighed the revenue that it could generate over the next five years.

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economic base American Recovery & Reinvestment Act (ARRA)