The Economic Value of Biodiversity Loss: Understanding the Role of Ecosystem Services

Abstract

The article is devoted to the problem of biodiversity value loss of ecosystems. Ecosystems – our natural capital – are the basis of life its self. Without them there would be no place for people on earth. It is necessary to analyze price and value of good or service. As it was investigated the price of good or service can command its value to the ‘marginal buyer’. The value of particular species in particular ecosystems derives from the value of the goods and services those species support, it is conventional to distinguish between two different types of value: use and non-use (or passive use) values. It was determinate that trade liberalization without attention to the environmental effects of trade makes the problem. In the result of investigation the necessity to understand what we lose when we lose biodiversity and ecosystem services was commented and proved, the relationship between biodiversity, ecosystem services, and human well-being was presented and learned for using knowledge to better target our conservation efforts. When you are citing the document, use the following link http://essuir.sumdu.edu.ua/handle/123456789/8667