Cost Effectiveness
/ˈkɒst ɪˈfɛktɪvnəs/
Definitions
- (n.) A measure assessing whether the benefits of an action or decision justify the costs incurred, often used in legal policy and regulatory analysis.
The court considered the cost effectiveness of the new environmental regulations before upholding them.
Forms
- cost effectiveness
Related terms
See also
Commentary
In legal drafting, cost effectiveness is frequently employed to evaluate regulations, policies, or litigation strategies, ensuring that legal interventions provide value relative to their expense.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.