Resource Economics

ECONOMIC PLANNING: “Economic planning is the process of conceiving, regulating and controlling the economic activity by the states to achieve

PROJECT EVALUATION APPRAISAL; PAYBACK PERIOD PROJECT: “Any proposal made for capital investment is called project.” Or; It is a way

DETERMINATION OF RETURNS RETURNS FROM RECREATION FACILITIES: There are four methods by which return from recreational facilities can be calculated.

MAXIMIZATION OF SOCIAL WELFARE WELFARE: “Work done for the benefit of human beings” _ (LoF) The measuring rod of welfare

Taxation – Classification, Types and Principles of Taxation TAXES: Introduction to Tax: [13th century. Via French < Latin taxare “censure,

Depreciate Cost and Depreciation Depreciate cost: It is the wear and teas cost of something or technically, the cost of

VALUATION AND APPRAISAL OF FOREST AND OTHER PROPERTIES VALUATION/APPRAISAL: It is the process of determining or estimating the value of