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Question
What is the economic importance of forest?
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Solution
Forests offer us a huge
variety of financial and social advantages. The economic benefits are as
follows:
- Processing of forest
products such as woods, fruits, flowers etc help to develop the economic status
of a country.
Some plants have
medicinal value, which helps in developing pharmaceutical sectors which results
in the development of the economy.
- Forest can be a part of
the wildlife conservation strategy. Biosphere reserve, sanctuaries can be made
which will help in conservation of endangered plants and animals as well as it
can serve as a tourist spot that serves the economy of a country and scope of
employment will also increase which will help to develop the economy as well.
Forests offer us a huge variety of financial and social advantages. The economic benefits are as follows:
- Processing of forest products such as woods, fruits, flowers etc help to develop the economic status of a country.
Some plants have medicinal value, which helps in developing pharmaceutical sectors which results in the development of the economy.
- Forest can be a part of the wildlife conservation strategy. Biosphere reserve, sanctuaries can be made which will help in conservation of endangered plants and animals as well as it can serve as a tourist spot that serves the economy of a country and scope of employment will also increase which will help to develop the economy as well.
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