Economics of biodiversity

Hey there kiddo!

Do you know what biodiversity means? It's like having lots of different types of plants, animals, and bugs all living together in one place.

Now, let's talk about how this biodiversity affects the economy.

You know how we use things like wood, oil, and gas to make things and get around? Well, those things come from the natural world, and if we don't take good care of it, we might run out.

Having lots of different types of plants and animals helps keep everything in balance. Bugs like bees help plants grow, and plants provide oxygen for animals to breathe.

But if we don't take care of the environment and cause a lot of species to die off, it can hurt the economy too. For example, if bees die off, we won't be able to grow as much food, which means buying food will become more expensive.

So in short, taking care of the natural world and preserving biodiversity helps keep the economy healthy too.