M6 The Benefits Values of Tourism and Outdoor Recreation. The Benefits Values of TOR. Demand and Participation of TOR Pm and participation means the TOR contribute the benefits Same as Pm or consumption of other goods
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The benefits of TOR must be measure in economics perspective;Why should be?
Limited source of inputs (land, forest, air, manpower, water etc)
Source of inputs of TOR also playing a role and important for other development activity (agriculture, housing, industrial, manufacturing, timber etc)
Comparing the limited resources (TOR resource VS other activity); justification of the TOR benefits are requires; measurement the TOR benefits are equal to other activity; must be measure in quantitative terms
Development of TOR are require to sacrifice of other development profits; opportunity cost