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Question
Discuss the purpose of Environmental Economics.
Answer in Brief
Solution
- It aims to quantify the intangible resources and assign an economic value to these resources.
- It strives to ensure the judicious use of natural resources.
- By quantifying the natural resources, it aims at infusing the realisation that natural resources do not come for free.
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A Critical Appraisal of Conventional Paradigm of Development from the Viewpoints of Sustainability, Environmental Impact and Equity
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