Nov 262012
 

Definition:

Public good – where one individual may benefit from the existence of some environmental good or service without reducing the benefit another individual can receive from the same good or service.

Source:

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Food and Agriculture Organization of the United Nations, AQUASTAT Web Site

Edward B. Barbier, Mike Acreman, and Duncan Knowler, 1997, Economic Valuation of Wetlands: a Guide for Policy Makers and Planners, Ramsar

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