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1. Engineering Economy is a subnet of economics for application to engineering projects.

Engineers seek solutions to problem, and the economic viability of each potential solution to problems,
and the economic viability of each potential solution is normally considered along with the technical
aspects.
2. Engineering Economy Application. Engineering Economy finds its application in every stage of
project planning, execution and completion of the project planning, execution and completion of the
project. This is the vital issue in any of the engineering project.