Kokonaishyödy

Kokonaishyödy is a Finnish term that translates to "total benefit" or "overall utility." It is commonly used in economics and social sciences to refer to the sum of all positive outcomes or advantages derived from a particular action, policy, or project. This concept goes beyond immediate or easily quantifiable gains and aims to encompass a broader spectrum of positive effects, including social, environmental, and long-term economic impacts.

When evaluating kokonaishyödy, decision-makers consider various factors. These can include direct financial savings, increased efficiency, improved public health, enhanced environmental quality, greater social equity, and increased citizen satisfaction. The challenge often lies in quantifying these diverse benefits, as some are intangible or difficult to assign a monetary value. Therefore, the assessment of kokonaishyödy frequently involves qualitative analysis alongside quantitative data.

The principle of maximizing kokonaishyödy is a guiding factor in public policy and project management. By aiming to achieve the greatest overall benefit, governments and organizations strive to allocate resources in a way that yields the most positive impact for society or a given group. This holistic approach encourages a more comprehensive understanding of the consequences of decisions, moving beyond narrow, short-term objectives to consider the wider, lasting advantages.