FORESTRY
FOREST PRODUCTS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is/are possible method/s to use in assessing economic benefits of forest products?
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Productivity Method
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Market Based Method
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Benefit-Transfer Method
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All of these
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Explanation:
Detailed explanation-1: -Forests are recognized as an integral part of national economies, providing a wide range of production inputs, environmental goods, food, fuel, medicines, household equipment, building material and raw materials for industrial processing.
Detailed explanation-2: -The different techniques can be divided into five broad groups: (a) Market-Based Approach: (b) Surrogate Market-Based Approaches: i. Hedonic Pricing Approach: ii. Travel Cost Method: iii. Substitute Goods Approach: (c) The Production Function Approach: (d) Cost-Based Approaches: More items
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