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Related Goods Approaches - Direct Substitute Approach
In this case the value of a similar good is used for valuation of the natural resource. For example, the value of fuel wood collected by villagers’ from the nearby forests. Here a close substitute would be fuel wood bought from the market or even the value of kerosene or charcoal equivalent to the fuel wood collected.
The accuracy of this method depends upon the extent to which the natural resource and the marketed product used as substitute are similar.
summarize the basic tenets of mark davis arguments
Question 1: (a) Describe and distinguish between the Linear Stages Theory and the Structural Change Models. (b) What are the limitations of each of the above two models.
Suppose there is certain social norm. Its enactment into statutory law lowers people's private cost of its enforcement because it creates the possibility that violation of norm wi
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study guide for Magruder''s American Government. the tests are supper hard
In terms of the debate in the media on state owned enterprises ,explain the decreasing cost case and the possibility of privatisation of SOEs such as Eskom and SAA
Write a short note on product mix efficiency?
The meaning of a market economy is in which the decision and production are prepared. The consumption of goods services are based on voluntary swap in markets.
what are the strengths and limitations of a pluralist society
QUESTION 1 (i) The implementation of e-Government presents a number of challenges to both the Government and citizens. Discuss these challenges using appropriate examples.
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