Economics · Public Goods and Environment
The conceptual basis for treating wetlands as a national public good in India is best explained by their function as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Multi-functional ecosystems generating largely non-excludable and non-rival benefits✓
- 2Natural capital assets whose value is realised predominantly through market-based mechanisms such as ecotourism and payment for ecosystem services
- 3Common property resources characterised by rival consumption and managed mainly through exclusion by local authorities
- 4Ecologically sensitive areas whose conservation obligations arise primarily from international conventions and whose benefits accrue largely at the regional level
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Multi-functional ecosystems generating largely non-excludable and non-rival benefits
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