Understanding the impact of catalysis is crucial for several reasons: - Efficiency: It helps in determining how well a catalyst promotes a reaction, influencing yield and selectivity. - Environmental Considerations: Evaluating the environmental impact, such as the reduction of harmful emissions or waste products. - Economic Viability: Assessing the cost-effectiveness of using a particular catalyst in industrial processes. - Innovation and Improvement: Facilitating the development of new catalysts and improving existing ones for better performance.