What is... Economic Viability
The term “Economical Viability” is not a phrase heard on a daily basis, outside of a few certain financial circles. That said, they are heard quite often, though separately. Therefore, to define this term we shall view them individually first. “Economical” (or economic) is generally associated with being careful, efficient, and prudent; thereby operating with little waste or at a savings. “Viability” (or viable) is to be capable of working, functioning, or developing adequate