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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.
what is the definition of public debt burden?
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how should write and from where to get matters?
PIGOVIAN APPROACH Pigou assumed that the aim of social policy is to 'promote welfare'. But in order to simplifL this, he chose to restrict the range of his inquiry to
Question 1: " Public policy gives one a better understanding of what governments do, why they do what they do and what difference public policy makes to the lives and circumst
1. If GDP is not a good measure of economic well-being, why then it is always used by the president in his/her STATE OF THE NATION''S ADDRESS?
(b) Assess the application of Kaldor’s compensation principle in resolving Pareto non-comparability and explain how the principle differs from the Hick''s compensation principle
what are principles of multi unit finance and fiscal federalism in India
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