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The total economic value of environmental resources

The total economic value of environmental resources

Context in source publication

Context 1
... total economic value of an environmental resource, as outlined in Figure 1, is much more than the direct outputs (such as timber, minerals, water or food) it generates for production and consumption. Environmental resources also provide ecological goods and services (such as flood control, carbon sequestration or climate control), maintain the option of carrying out multiple economic activities in the future and hold intrinsic cultural and aesthetic value to human beings. ...