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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.
Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio
Question: (a) Jeffrey Sachs, Columbia University's Earth Institute Development Guru, opines that the humble mobile phone is "the single most transformative tool for developmen
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Case study
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
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classical and modern theories of burden of public debt
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