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Explain economic and Social Variables, and also explain some socioeconomic benefits.
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Solution:

Economic and Social Variables :

  • What will be the abatement costs i.e., costs for controlling the environmental damage (e.g., pollution)? The abatement the cost will constitute the value of the additional engineering and technology needed for treating the effluents -and emissions.

  • Whether the project will have some socioeconomic benefits, …

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