Valuation of Biodiversity in Economics Essay Example | Topics and Well Written Essays - 500 words

Valuation of Biodiversity in Economics - Essay Example Genetic biodiversity associates with the level of inconsistency within the species. It involves the information signified by genes in the DNA of individual living things. Species diversity is concerned with a range of species.On ecosystem point of view, a low degree of ecosystem flexibility can lead to a sudden degrade in the biological output, which in turn cause a loss that cannot be reversed of roles for both the present and the expected generations. Functional diversity articulates a variety of roles produced by ecosystems, including the roles that support the life of ecosystem such as management of nature’s basic phases. Given these four levels of diversity, there are different perspectives in which the value of biodiversity can be understood. Some of these ways are instrumental and intrinsic values, the monetary and the biological indicators, the direct and the indirect values, biodiversity and the biological resources among others. The assigning value to biodiversity be gins from the hypothesis that social values are asserted on values of the individuals.When a person takes part in the conservation of the environment, he or she immediately discovers that it is sincerely an activity involving several disciplines. There are changes that have been experienced in the function and the significance of conservation. These changes are caused by the fast rise in environmental issues, and the realization that biological diversity is an important resource for the survival of human beings.