Question
Engineering economics delves into financial territories dealing with financial concepts, principles and techniques. By the principle of comparative advantages, it is instructive that resources are
Engineering economics delves into financial territories dealing with financial concepts, principles and techniques. By the principle of comparative advantages, it is instructive that resources are deployed into areas of greater opportunities; it thus make sense at least prima facie that an economist / financial; expert performs engineering cost estimations since it is about financial concepts and tools. Using two clear / logical arguments, reinforce the need for engineers to grasp financial tools related to engineering materials / processes cost estimations.
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