Related goods approaches - barter exchange approach, Public Economics

Related Goods Approaches - Barter Exchange Approach


Some of the forest products such as wild fruits and vegetables are not sold in formal markets. Some of these goods, however, may be exchanged on a non-commercial basis for goods which are available in the market.

The unit of exchange between the two can be used to evaluate the forest product. For example, leafy vegetables are collected from forest by villagers residing in 6inge areas, which are used for self-consumption. Since these vegetables are not marketed it is not possible to find out their market prices. However, if these vegetables are regularly exchanged for some other commodity, say paddy, then the unit of exchange between leafy vegetable and paddy can be found out. The market price of paddy in this case could be used to find the value of the leafy vegetables under consideration.



Posted Date: 12/18/2012 5:24:20 AM | Location : United States

Related Discussions:- Related goods approaches - barter exchange approach, Assignment Help, Ask Question on Related goods approaches - barter exchange approach, Get Answer, Expert's Help, Related goods approaches - barter exchange approach Discussions

Write discussion on Related goods approaches - barter exchange approach
Your posts are moderated
Related Questions
1.) In what way is insurance for medical loss/illness differ from insurance for any type of property loss?

Pigovian Analysis   The starting point of the Pigovian welfare analysis is the notion that there  is a resource allocation  problem  that can be  optimally  solved. Through  hi

explain how under the WTO differential treatment in reverse is different from the special and differential treatment

Public Finance was always dealing with intervention through fiscal instruments, including federal relationships between different tiers of governments and later on it subsumed Publ

study guide for Magruder''s American Government. the tests are supper hard

Assignment This assignment will provide you with insight on how others perceive you. It will be particularly useful in situations in which you find differences in self-other resul

Draw a simple circular flow of income model for a private sector economy.  Label all of the flows, as well as the markets where all exchanges take place.  Describe the exchanges, a

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

which fallacies best diiscribe this statement The restaurant in new is either buddy''s bistro or Clyde emporium