differentiate between direct and indirect use value of biodiversity in about 120 words
Answer (1)
25th Nov, 2020
Hello student,
Direct use value of biodiversity :
Direct values are concerned with the enjoyment or satisfaction received directly by biological resources.
They can be relatively observed and measured often by assigning prices to them.
These are of two types
- Consumptive use (no market value)
- Productive use (market value)
Indirect use value of biodiversity :
It details primarily with the functions or ecosystems.
These do not appear normally in the national accounting systems but, they may outwiegh the direct values when they are computed.
These reflects the value of biological diversity to society locally or at large rather than to individuals or corporate entitites.
Direct values are often derived form indirect values.
Hope this helps.
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