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Discuss and explain what is meant by discounting in economic evaluation and identify the main types of costs described in economic evaluation.

TOPIC: Costing and cost-effectiveness analysis
1. Main types of costs: Identify the main types of costs described in economic evaluation (not less than 400 words including real life examples).
2. Discounting in economic evaluation: Explain what is meant by discounting in economic evaluation (not less than 400 words including real life examples).

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