Total economic value can be determined by active-use value (such as raw timber value to use timber as firewood or furniture) and passive use value (such as tree as an oxygen producing system)”. What do you understand from the above statement?? Explain in detail.
Total economic value can be determined by active-use value (such as raw timber value to use timber as firewood or furniture) and passive use value (such as tree as an oxygen producing system)”. What do you understand from the above statement?? Explain in detail.
Chapter32: The Land Market And Natural Resources
Section: Chapter Questions
Problem 10E
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“Total economic value can be determined by active-use value (such as raw timber
value to use timber as firewood or furniture) and passive use value (such as tree as an
oxygen producing system)”. What do you understand from the above statement??
Explain in detail.
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