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Valuation Tools - Travel Cost Method
This method assumes that the consumer is willing to incur substantial cost (in terms of time or money) to procure certain environmental goods or services.
It has been widely used in developed countries to measure the value of recreational facilities the value of the environmental service, in this case, is equal to the opportunity cost of time spent and the travel cost incurred by the visitors.
three basic economics difference between them and definations
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Question: Awards for excellent performance are increasingly employed within the public service in many countries. These will or will not have a financial value. Performance-rel
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