Functional equivalence in ecology means that different species can perform similar roles in an ecosystem. It's like if you have a toy box with different toys in it, but you can use them all to do the same thing like building a tower.
So in nature, you might have two different types of birds that eat insects, but they have different ways of doing it. One bird might catch bugs in the air, while another might pick them off of leaves. But in the end, they both help control insect populations, which is an important job in the ecosystem.
This idea of functional equivalence is important because it means that if one species disappears, there might be another that can take over its role. It's like if one child loses a toy that they were using to build a tower, they can just use a different toy instead. This can help keep the ecosystem balanced and healthy even if there are changes or disruptions.