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...Chapter seven principles underlying the economic analysis of projects objectives for investment appraisal while financial a project focuses on matters interest to investors bankers public sector budgets etc an deals with impact entire society primary difference between and evaluation is that former aggregates benefits costs over all country s residents determine whether improves level welfare as whole latter considers from point view well being particular institution or subgroup population broad consensus exists among accountants be used in undertaking potential there also considerable agreement analysts cash flow balance sheet requirements pay itself basis however these accounting are not sufficient guide measurement built information developed but addition it makes important use field applied economics person proficient analyst capital expenditures imperative he conversant knowledgeable basic values we begin by looking market specific good service initial measuring its obtained obser...