Answer: In accordance with the neoclassical economics, the monetary value of a commodity or service is considered as the price of the commodity in an open market. This value is generally determined by the forces of demand and supply , i.e the demand for the commodity relative to supply. Several neoclassical economist evaluate the value of a product or service with the price, irrespective of the market being competitive.
Answer:
A forest is <u>a piece of land with many trees.</u> Forests are important and grow in many places around the world. ... Forests contain 80% of the Earth's plant biomass. Primary production is about 21.9 gigatonnes carbon per year for tropical forests, 8.1 for temperate forests, and 2.6 for boreal forests.
Explanation:
Human Environment Interaction. The people of Latin America have altered the land through agriculture, development of infrastructure, logging, mining, and urbanization. Natural disasters have impacted the lives of millions of people in Latin America
