Question

Travel cost method

21 Feb 2025
Answer :
Word Count : 247

The Travel Cost Method (TCM) is a non-market valuation technique used in environmental economics to estimate the economic value of natural resources and recreational sites. It is based on the idea that the time and money people spend traveling to a site reflect its value. TCM helps in assessing __________ ________ _______ ____ _____ _________ _________ _____.
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