Economic Value Of Biodiversity. The economic potential of biodiversity is immense in terms of food fodder medicinal ethical and social values. Economic impact studies identify a variety of economic benefits generated by biodiversity.
Harvesting and consuming plants for food or for traditional medicines and pharmaceutical purposes consuming fish through fishing or aquaculture production consuming fuel in the forms of forest firewood natural bio gas or fossil fuels such as coal and petroleum. The direct value of biodiversity involves the direct economic value of the products that are sold while indirect economic value involves intrinsic value. The goal is to make protecting biodiversity profitable.
Biodiversity forms the major resource for different industries which govern the world economy.
The salient features regarding the economical potential of biodiversity are given below. The goal is to make protecting biodiversity profitable. The salient features regarding the economical potential of biodiversity are given below. Biodiversity forms the major resource for different industries which govern the world economy.
