Inc. Investment Bankers. Washington, United States of America. In other words whether the project would produce more in economic benefit than it cost, or, once created, whether it could support itself, were not necessarily pertinent questions. In a Market Economy there is a great deal more fact finding required, because the question of economic viability and feasibility are paramount to the question of whether approval is likely to be forthcoming.
Decisions are pragmatic ones involving alternative risk reward choices on financial merit.
This creates several differences in the process of securing capital. Determining whether a project is economically viable or feasible takes time, requires knowledge, and costs money. The questions have to be answered scientifically by means of empirical method. Accurate Mathematical and demographic data have to be gathered and interpreted. The questions of a market system are very different from a command system.