Binomial nomenclature is the system of naming organisms with two components in a scientific manner. It was given by Carl Linnaeus. In this system every scientific name has two components - generic name and specific epithet.
For example, binomial name for Mango is Mangifera indica where 'Mangifera' denotes generic name (genus) and 'indica' represents specific epithet (species).
Advantages of binomial nomenclature are:
1. The organism can be easily categorised; it helps in making it easier to understand the characteristics of a specific organism in an organised way.
2. These names are unique with each creature having only one scientific name. They help in avoiding confusion created by common names.
3. Scientific names are standardised and accepted universally.