Hi, friend! I found cost evaluation and economic evaluations are very similar. Could you please help me identify these two concepts?

You are welcome.

Thank you very much.

Cost evaluation aims to trace the resources used in treatment (e.g., What is the cost of treatment, and what other approaches are producing equivalent outcomes, if any? How do changes in cost relate to activity levels?). However, economic evaluations can determine the options that give the best value for the resources expended. These evaluations help policymakers decide on resource distribution among different programs. It involves comparing costs and outcomes of different programs or alternative interventions (e.g., Should the investment be made in treatment A or B?).