Saving What Remains
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Economic
Values Indirect Use Value - Ecological functions of the ecosystem like watershed protection and carbon sequestration Option Value - Something like an insurance policy premium which people are willing to pay in order to insure the supply of something, the availability of which would otherwise by uncertain Bequest value - A willingness to pay to preserve a resource for the benefit of one's descendants Existence value - Values conferred by humans on the ecosystem regardless of its use The sum of the above five values is the Total Economic Value of the ecosystem. |
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Copyright Rhett Butler 1994-2005 |