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Preferred term

cost-effectiveness  

Definition

  • The term cost-effectiveness has been used in a number of different contexts and can have a number of different intended meanings. In the broadest sense, the term cost-effectiveness has been used to describe whether the value that something produces is worth what it costs. [Source: Encyclopedia of Health and Behavior; Cost-Effectiveness]

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https://concepts.sagepub.com/social-science/concept/cost-effectiveness

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