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Explain why it is necessary for the government to apply a cost-benefit approach to the appraisal of major new road schemes in the UK
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- Words:
- 624
- Submitted:
- Thu Jul 11 2002
... Explain why it is necessary for the government to apply a cost-benefit approach to the appraisal of major new road schemes in the UK A cost benefit analysis is the identification, measurement and weighing up of the costs and benefits of a project in order to decide whether or not it should go ahead. It is necessary for the government to use this because it is important that they determine whether or not the project will be detrimental to the economy, society or both. If the costs to society are greater than the benefits to society, then society will end up suffering. This is very important to governments, because of the short term populist voting cycle in many modern democracies. Governments cannot make people unhappy or create problems in society because if they do so it is likely that the society will not vote for them in the next
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