An Estimation of the Total Economic Value of a local park Essay

An Estimation of the Total Economic Value of a local park - Essay Example Total Economic Value of Kings Park is $6869.3m. Though the park authority is making much money, but they could make much more if they pay attention in terms of entrance fare, number of guides, transport services for foreign visitors, hospitality and other facilities. Having good and bad sides, Kings Park is one of the mentionable parks for its monuments that they have built for showing respect and honor to some people who have sacrificed their lives in different memorable events. Research means scrutinizing carefully of a certain topic. For this research-based project, we have told to make an estimation of the total economic value of a local public park. That means that kind of park, which is for public entertainment. For an example, the names of National Park, City Park, Mexican Forest Park, Bold Park, Central Park and many other parks of different countries may be mentioned here. As a real park, I have selected Kings Park of Western Australia as my chosen park. To do the project, I have done a questionnaire-based fieldwork (research based on questionnaire and making interviews of related groups), which made my project more reliable and easier to do. Though it is a short project, but I had to be careful in case of collecting information and applying them properly. My lack of knowledge and shortage of information were great limitations for this work, but the Park authority helped me very much by providing disc losable information. But they didn’t disc lose some confidential information, which is part of their business policy. I am very grateful to our instructor who has given me the opportunity to do the project that has enriched my knowledge, skills, and practical experiences on a mentionable place of a distinctive country. The streets of Kings Park are another symbol of peace. They are lined with individual plaques. The plaques are dedicated by Western Australian Service men and