Meaning of the word viability in English

What does viability mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

viability

US /ˌvaɪ.əˈbɪl.ə.t̬i/
UK /ˌvaɪ.əˈbɪl.ə.ti/

Noun

ability to work as intended or to succeed:

Example:
Rising costs are threatening the viability of many businesses.