Question

Direct and indirect use value of bio diversity

Answer 1

Answer:

Biological resources, therefore , are valuable. There are direct and indirect values of these resources. The direct values include the consumptive use and productive use values. The consumptive use value is the value placed on nature’s products that are consumed directly, without passing through a market. When direct consumption involves recreation, as in sport fishing and game viewing, the consumptive use value is the whole recreational experience. The productive use value, on the other hand, refers to products which are commercially harvested or used. Productive use of resources such as timber, fish, medicinal plants, honey, construction materials, mushrooms, fruits and so forth have a major impact on the national economy.

Explanation: