
By: Spatial Informatics Group, Austin Troy & Ken Bagstad (2009)
Ecosystem services are the benefits that people obtain, either directly or indirectly, from our ecological systems. These services can be understood in ecological terms and they can also be translated into economic terms through valuation studies. These services are the foundation of human well-being and they also represent a significant part of the total economic value of our landscape and economy. And yet their value is most often uncounted, assumed to be ‘zero’. It is therefore important to be able to estimate the economic value of ecosystem services. - Read More...

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