No abstract

The ecosystem services approach endeavours to incorporate the economic value of ecosystems into decision making. This is because many natural resources are subject to market failure. As a result many economic decisions omit the impact that natural resource use has on the earth's resources and the life support system it provides. Hence, one of the objectives of the ecosystem services approach is to employ economic valuation of natural resources in micro-and macro-economic policy design, implementation and evaluation.

No abstract

No abstract

No abstract