The economic feasibility study

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The economic feasibility study for your next project will provide you with comprehensive knowledge of all the requirements that the project needs. The great importance of this study for the economic feasibility of your project is summarized in knowing and conducting an accurate study of the products competing with your product and the extent of your project’s ability to outperform these competing products. We will learn in detail about the importance of the economic feasibility study for your project : The economic feasibility study of the project helps the person conducting this study to make sound, correct and appropriate decisions for the project, so that this study summarizes and puts you in front of the correct decision to continue establishing your project, and the extent of its success or to stop starting this project.


This study summarizes for you the consequences that will employment database stand in your way, and how to find appropriate solutions for them if possible, in addition to the expected positives of this project. of the project helps in determining the market’s ability to purchase this product that you want to introduce in the market, and whether there is originally a market for this product or the market will be created from the beginning, and identifying your competitors in the market and determining the strengths and weaknesses and determining the points that you should focus on to improve your product so that it becomes more in demand in the market and overcomes competitors.


The economic feasibility study of the project helps to determine the financial study of the project and determine the financial estimates of the project. This includes informing the investor of the cost of establishing the project, the cost of the necessary equipment and mechanisms used, in addition to determining the cost of raw materials, workers’ wages and taxes, and determining and studying the time period required for the investor to recover the capital and the approximate value of the expected profits over several years. Thus, we can summarize and classify the importance of the economic feasibility study of the project in several areas, including: 1- The importance of the economic feasibility study for the investor: The economic feasibility study of the project is a guide for the user that he can refer to whenever he wants and at any stage of the project implementation.