What all do the economic engineers consider in a design situation?

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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What all do the economic engineers consider in a design situation?

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Step 1

Minimizing economic harm through fair wages:

Fair wages are required to reduce economic inequality. Identifying a fair wage is about striking the best balance between cheap labor and economic equality while outsourcing goods or buying products.

Step 2

Minimizing economic damage by fair value:

Offering desirable goods or at a price that seems fair to the consumer. Price fairness is evaluated solely on the acceptability, reasonableness or justification of the price of a commodity or value provided for that price.

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