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PREFERRED TERM
SDN:M09::2Direct economic valuation methods  
DEFINITION
  • Economic valuation methods seek to measure the tradeoffs individuals are willing to make for ecological improvements or to avoid ecological degradation, given the constraints they face. They are based on the utilitarian concept of Total Economic Value (TEV) of the environment, an expression of the many ways through which people benefit from the environment.
ENTRY TERMS
NOTE
  • accepted
IDENTIFIER
  • SDN:M09::2
DATE
  • 2013-11-14 10:15:17.0
IDENTIFIER
  • SDN:M09::2
VERSION
  • 1
IN OTHER LANGUAGES
URI
http://vocab.nerc.ac.uk/collection/M09/current/2/
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