FOREST ECOLOGY
FOREST MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is one economic value of forests
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provide habitat for orgamisms
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purify water
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timber for lumber and fuel
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prevent erosion
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Explanation:
Detailed explanation-1: -Forest Economics: According to an expert panel report set up by the Ministry of Environment, forest and climate change(MoEF&CC): India’s forest resources are valued at an estimated $1.7 trillion. The Net Present Value (NPV) is also pegged between rupees 9-55 lakh per hectare.
Detailed explanation-2: -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.
There is 1 question to complete.