Definition, Meaning & Synonyms

economically-viable

adjective

/ˌiː.kə.nɒ.mɪ.kli ˈvaɪə.bəl/

Definition

Capable of being profitable or sustainable from an economic standpoint.

Examples

The solar energy project was deemed economically viable after a thorough cost-benefit analysis.
Investing in public transportation is not only environmentally friendly, but it is also economically viable for urban areas.
Many small businesses struggle to find an economically viable model in today’s competitive market.

Meaning

Refers to a project, product, or operation that has the potential to generate enough income to justify its expenses, making it a financially feasible option.