Geography, asked by Shraddhahendre31, 2 months ago

c) How natural endowment acquire value? Explain with an example.​

Answers

Answered by garimachourasiya0
3

Answer:

The endowment effect refers to an emotional bias that causes individuals to value an owned object higher, often irrationally, than its market value.

Explanation:

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Answered by arjunagarwal177
1

Answer:

Natural endowments acquire value when objects are converted into things of utility for aesthetic or economical use for example are wood being made into a shelf or table etc.

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