Private choices (farm) and social choices (government) affect resources that no one "owns." Economic analysis looks at conflicting uses, incentives, and social costs. Social policy stresses benefits, stewardship, management of common pool (or commons) resources, and sustainability. To relieve pressure on a common resource, a plan must fit the social customs of the area, achieve an affordable cost:benefit ratio, and physically sustain the resource. 8 pages.
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Details
Title
Economic Issues in Protecting Groundwater Quality
Creators
Philip R. Wandschneider (Author)
James C. Barron (Author)
Academic Unit
Publications, WSU Extension
Series
Extension bulletin (Washington State University. Extension); EB1751
Publisher
Washington State University Extension; Pullman, Washington
Identifiers
99900502873501842
Copyright
In copyright ; openAccess ; http://rightsstatements.org/vocab/InC/1.0/ ; http://purl.org/eprint/accessRights/OpenAccess