Question

What are called for the value of nature’s products that are consumed directly?

(a) Productive value

(b) Indirect value

(c) Non-consumptive value

(d) Consumptive value

The question was posed to me in a job interview.

This intriguing question comes from Value of Biodiversity & Bio-piracy topic in portion Biodiversity of Energy Management

Answer 1

The correct choice is (d) Consumptive value

To elaborate: Consumptive values are the values of nature’s products that are consumed directly. Some of the examples of consumptive values are firewood’s, fodder and meat. Consumptive use value seldom appears in National income accounts.