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Cost-based Methods - Replacement Cost
This method takes the value of ecological functions as the recreation cost of these ecological functions through man-made production processes.
It assumes that the benefits provided by an intact ecosystem can be measured and there are alternatives available to provide such benefits.
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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?
A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)
The term Public Economics came into existence only in 1960s however a few titleswith nomenclature such as Public Finance had already started covering much ground,which is today cov
The other type is called ex-post heterogeneity which refer to the conflict (of interests) arising due to distributional implications of the public policy. Thus when a public polic
critically explain the importance and reasons
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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
what are the costs and consequences of providing the subsidies and welfare?
#questioi hour classn..
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