What type of analysis does life cycle assessment employ?

Life cycle assessment (LCA) employs a holistic approach throughout a product's lifecycle. This method evaluates the environmental impacts of a product from the extraction of raw materials through production, use, and disposal. By analyzing each phase of the product's life, LCA provides comprehensive insight into how different stages contribute to overall environmental outcomes. This thorough perspective allows businesses and stakeholders to make informed decisions regarding sustainability practices, identify areas for improvement, and minimize negative environmental effects.

In contrast, a retrospective evaluation of past products focuses only on finished products and their historical impact, rather than analyzing their entire lifecycle. A focus on financial returns does not capture the environmental considerations that LCA emphasizes, as it primarily prioritizes economic aspects over ecological ones. Lastly, a limited resource assessment would not encompass the comprehensive nature of LCA, which examines various resource inputs, outputs, and impacts throughout the lifecycle.