Biological harvesting cost refers to the impact on the natural resources and ecosystems during the harvesting or extraction process. It encompasses factors such as the depletion of populations, habitat destruction, and overall ecological impact. This cost is associated with the sustainability and long-term viability of the resource being harvested.
On the other hand, economic harvesting cost refers to the expenses and financial considerations involved in the harvesting process. It includes factors such as labor costs, equipment expenses, transportation, storage, processing, and marketing. Economic harvesting cost is significant for determining the profitability and feasibility of the harvesting activity.
While biological harvesting cost focuses on the environmental impacts, economic harvesting cost focuses on the financial aspects. Both costs are important in assessing the overall sustainability and viability of a harvesting operation, as they consider the ecological and economic implications respectively.
what the difference between biological and economical harvesting cost?
1 answer