Etymology
The word "feasibility" comes from the Late Latin word "feasibĭlis," meaning "doable" or "capable of being done." This, in turn, is derived from the Latin word "facere," meaning "to do" or "to make."
Meaning
Feasibility refers to the possibility or likelihood of something being achieved or completed. It evaluates whether a particular action, project, or plan is practical, workable, and realistically achievable. Feasibility involves assessing factors such as available resources, technical constraints, financial viability, timeliness, and the potential for success.
Origin
The concept of feasibility has been a consideration in human endeavors for centuries. Ancient civilizations evaluated the feasibility of building structures, launching expeditions, and implementing laws. In modern times, feasibility studies have become essential for major projects in engineering, business, and government.
Usage
The word "feasibility" is commonly used in the following contexts:
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