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how the value of resources is measured​

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Question-->How the Value of Resources is measured.

Total economic value (TEV) is a concept in cost–benefit analysis that refers to the value derived by people from a natural resource, a man-made heritage resource or an infrastructure system, compared to not having it. It appears in environmental economics as an aggregation of the (main function based) values provided by a given ecosystem.[1

Option value: Placed on the potential future ability to use a resource even though it is not currently used and the likelihood of future use is very low. This reflects the willingness to preserve an option for potential future use.

Option value: Placed on the potential future ability to use a resource even though it is not currently used and the likelihood of future use is very low. This reflects the willingness to preserve an option for potential future use.Bequest value or existence value: Placed on a resource that will never be used by current individuals, derived from the value of satisfaction from

preserving a natural environment or a historic environment (i.e., natural heritage or cultural heritage) for future generations.

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