Total economic value

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]

  1. ^ Plottu, Eric; Plottu, Béatrice (2007). "The concept of Total Economic Value of environment: A reconsideration within a hierarchical rationality". Ecological Economics. 61 (1): 52–61. doi:10.1016/j.ecolecon.2006.09.027.