Ecological economics bridges the economy and the ecosystem.
The capacity to endure or sustain should focus on the multiple aspects of ecological sustainability, social sustainability, and economic sustainability.
It should be understood that biodiversity forms the foundation of ecological economics by providing resources of the ecosystem and the ecosystem services.
Biodiversity provides many economic benefits and hence its conservation acts as an economic opportunity.
The economic benefits offered by conservation of biodiversity include:
When an ecological park or wildlife sanctuary is established, it acts as a property of wealth, it opens job opportunities for many, acts as a place with aesthetic value, some small business gets established, it generates a source of income to the government. All this occurs apart from the species and nature being protected.
Conservation of forests and natural wealth can create financial returns and saves cost.
The products of fisheries, agriculture, forestry is vital in maintaining the biogeochemical cycle, water cycle, the fertility of the soil. They mainly serve as food for plants, animals, and humans.
Many plants are of medicinal importance and are required by pharmaceutical companies to produce medicines.
The tourism industry mainly relies on such biodiversity-rich places. Outdoor recreation brings in many tourists, with it grows businesses of the hotel, craft, traveling businesses, and others.
If the biodiversity of a region decreases, along with it increases the transmission of diseases.
Parks attract home buyers, reduces health costs as people get fresh air, can exercise, and perform yogas there. They are attractive and safe places for playing. These places also help in increasing the water table by collecting water underneath.
The money spent on conserving biodiversity may initially be thought of as being huge, but in the longer run, it is negligible when compared to all the other conditions that may occur in the absence of conservation.
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