FORESTRY
FOREST MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -Construction: After fuel the most important use for timber is in the building and constructional industries. It has traditionally been used to build houses or parts of houses, and despite the use of steel and concrete for a wide range of building purposes nowadays, it continues to be used in this way.
Detailed explanation-2: -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-3: -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.