Concept
Direct economic valuation methods
| URI | http://vocab.nerc.ac.uk/collection/M09/current/2/ | ||
|---|---|---|---|
| Within Vocab | MEDIN ecosystem valuation method types | ||
| Alternative Labels | |||
| 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. | ||
| Date | 2013-11-14T10:15:17 | ||
| Identifier | SDN:M09::2 | ||
| Note | accepted | ||
| Has Current Version | 1 | ||
| version | 1 | ||
| Narrower | |||
| M10 MEDIN ecosystem valuation methods - (7) | |||
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