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Engineering economics refers to the practice among working engineers of factoring economic concerns into a proposed design or other project, including such concerns as cost of materials and future upkeep, predicted revenues, investment potentials, depreciation, taxes and tax credits, and the time value of money. It also refers to a major development within the undergraduate curricula of all branches of engineering in which students are required to work with and apply basic economic principles... więcej
Salem Press Encyclopedia, 2023. 3p.
