Question

Discuss the economic importance of phylum Cnidaria.

Answer 1

• Corals have huge ecological importance. They house over 4,000 species of fish, 800 species of hard corals and hundreds of other species. Scientists estimate that there may be another 1 to 8 million undiscovered species of organisms living in and around reefs (Ocean Service Education)
• Coral also has very big economical importance. Because tourists come and dive in the corals, they bring people to the places of the reefs. Therefore people need restaurants, hotels and commercial and entertainment facilities. (Reef Relief)
• In terms of money and economy, Cnidaria has no major impact for economic reasons. They actually hinder the economy, adding hours of extra work to removing jellyfish and corals from fishing nets. (Ocean Service Education)