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

critically examine that privatization can always decentralize economic power

Discuss the basic features of international policy coordination. There may be two sources of interdependence between national economic policies, club goods and horizontal spill

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


Question 1: "A Policy may be defined as a major course of action within a given environment intended to reach a goal or realize an objective." Give an account of the making


Problem: (a) What do you meant by public policy? What does the study of public policy involve? (b) How are problems that might lead to public policy identified and defined?

Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag

Q. Political Trans-national Activity? The dynamics resulting from the institutional interdependencies are of major importance for an understanding of the process of political t