BOTANY

Detailed explanation-1: -Forests provide wood, timber, raw materials, vegetables, and fruits, which have significant economic value. The timber is used in construction and making furniture. Wood is also essential in the production of paper.

Detailed explanation-2: -The uses of wood in furniture, buildings, bridges, and as a source of energy are widely known. Additionally, wood from trees and bushes, can be employed in a wide variety, including those produced from wood pulp, as cellulose in paper, celluloid in early photographic film, cellophane, and rayon (a substitute for silk).

Detailed explanation-3: -The forestry and forest products industry is focused on wood and its uses. Wood is used to build houses, furniture, flooring, shipping containers, and many other products. Forest products also include wood pulp, which is used in making paper. Wood used to make commercial products is referred to as lumber.

Detailed explanation-4: -What is the economic value of a tree? Since economics was founded as a discipline, there has been a single answer to this question: the value of a tree is equivalent to its market price. Through this lens, the economic value of the tree is simply its ‘exchange value’ in the market.

Detailed explanation-5: -Forests supply energy that would otherwise be unavailable or would cost more to obtain. Wood continues to be the primary fuel in most tropical nations and a significant fuel in many others. Wood may substitute for fossil fuels and agricultural biomass, alleviating cost pressures on competing needs for these resources.