Bequest value, in economics, is the value of satisfaction from preserving a natural environment for future generations. Economics is the social science that studies the production distribution, and consumption of goods and services. The economic value of a good or service has puzzled economists since the beginning of the discipline See also Nature The natural environment, commonly referred to simply as the environment, is a terminology that is comprised of all living and [1]
References
- ^ Greenley, Douglas A. , et al. , Option Value: Empirical Evidence From a Case Study of Recreation and Water Quality, Quarterly Journal of Economics, Vol. The Quarterly Journal of Economics, or QJE is an Economics journal published by the MIT Press and edited at Harvard University 96, No. 4. (Nov. , 1981), pp. 657-673.
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