History of Economic Ideas
Biodiversity refers to the variety of life on Earth, including the diversity of species, genetic variation within those species, and the complex ecosystems they form. This rich tapestry of life is crucial for ecosystem health and resilience, providing essential services such as clean air, water purification, pollination of plants, and climate regulation. It plays a significant role in environmental economics and sustainability by influencing resource availability and ecosystem functions that are vital for human well-being.
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