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
Select a current political, social or environmental issue that is receiving coverage in the media, or choose an organisation you feel needs a better public relations approach, and

Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes.

Explain how the price system answers the five fundamental questions of economics, and talk about at least two of the short-comings of the capitalist price and market system.

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

WHAT ARE THE PRINCIPLES OF MULTI-UNIT FINANCE?

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

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

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?

What makes a public opinion poll scientific 1. To what extent do we really think about political issues as individuals, or are we more influenced by our environment -family, t

Development of Green Indicators Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4