Question

Travel cost method

24 Mar 2026
Answer :
Word Count : 258
The Travel Cost Method (TCM) is a technique used in environmental economics to estimate the economic value of non-market goods, particularly recreational sites such as parks, lakes, or forests. The basic principle of TCM is that individuals incur travel costs to visit these sites, and these costs can be treated as _____ ___ ____ __________ ___ ___ ______ ______.
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