Economic Impact Assessment
/ˌiːkəˈnɒmɪk ˈɪmpækt əˌsɛsmənt/
Definitions
- (n.) A systematic process to evaluate the anticipated economic consequences of a proposed project, policy, or legislation, often used to inform decision-making and mitigate adverse effects.
The government commissioned an economic impact assessment before approving the new industrial development.
Forms
- economic impact assessment
- economic impact assessments
Related terms
See also
Commentary
Economic impact assessments are crucial in legal and policy contexts to quantify financial effects and support evidence-based decisions.
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.