Question

how is species extinction related to the social and economic issues of a country​

Answer 1

Explanation:

The protection of rare species is of paramount public interest because they are integral to ecological systems. Those systems, in turn, are invaluable both intrinsically and to human life, with intricate webs of linkages to food, health, recreation, and physical and spiritual welfare. Despite these values, species around the globe are threatened as the size and integrity of their habitats decline. According to a recent United Nations assessment, extinction threatens more than one fifth of plant species. Populations of wild vertebrates have declined, on average, by nearly one third since 1970, with amphibians suffering the greatest threat of extinction.

If we humans value species, why are so many threatened? Economists note that few of these values are priced in markets. Private actors control much of the habitats required to support biodiversity. Yet, because they cannot capture the value of endangered species to society, private actors lack incentives to maintain these habitats. Landowners may preserve or convert natural environments to economic uses, make investments that enhance or degrade habitat values, or provide or withhold information about species on their property that can be invaluable in determining its best use. In poor countries, the motivation of rural people to convert wildlife habitat involves the necessities of life. There is thus a public interest in molding private incentives to account for social benefits of species protection.

Answer 2

Species extinction is related to social and economic issues of a country in the following ways:

• Species are connected to one another through a food web at different levels. The extinction of one species causes the extinction of its predator species.
• Activities like animal rearing, beekeeping, and aquaculture are animal-based industries that employ a large section of the population, especially in rural areas.
• Extinction of economically important species like cows and goats and cause milk crisis all over the world.
• The extinction of species will also affect the tourism industry.