Simple Description

If a product is worth the expense of making it then the process is economically viable

Further Detail

For example, it costs money to dig iron ore out of the ground. It also costs money to extract the iron out of the ore. If, when the iron is sold, it makes more money than the mining and extraction processes cost then we can say that it is economically viable to extract the iron.

Related Words:

• Ore
• Iron oxide

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