Economic Impact Assessment (EIA) is a systematic process used to evaluate the potential economic effects of a project, policy, or event. It helps decision-makers understand how changes can influence local, regional, or national economies, including job creation, income levels, and overall economic growth. The assessment typically involves analyzing various factors such as employment, investment, and tax revenues. By providing a clear picture of the economic implications, EIA supports informed decision-making and helps stakeholders weigh the benefits and costs associated with proposed initiatives.