Economics coursework Essay Example | Topics and Well Written Essays - 500 words

economics coursework - Essay ExampleInterpretive method is used to understand the meaning of the given information that was depute to the researchers. Critical research as the name implies concentrates more on the critical view of the subject. It highlights the critical rack of the situation that has to be analysed.Feasibility study is an important phase in the development process. It enables the developer to have an judicial decision of the product being developed. It refers to the feasibility study of the product in terms of outcomes of the product, operational use and practiced support required for implementing it.Economic Feasibility It refers to the benefits or outcomes. We are deriving from the product as compared to the rack up cost we are spending for developing the product. If the benefits are more or less the same as the older system, then it is not feasible to develop the product.The development of the new product should greatly upgrade the accuracy of the system an d cuts short the delay in the processing of the product. The errors can be greatly cut back and at the same time providing great level of security. Hence, we do not need any excess equipment except memory of required capacity.Operational Feasibility It refers to the feasibility of the product to be operational.