Question

In: Economics

What types of benefits and costs are involved when forests that were previously open to commercial...

  1. What types of benefits and costs are involved when forests that were previously open to commercial forestry are now placed in preservations status? Please describe at least two benefits and two costs

Solutions

Expert Solution

ANSWER

1).

Forests which were previously opened to commercial forestry are now placed in preservation status, there would be some pros in the form of benefits and some cons in the form of costs.

The benefits are:

(1) Helps in preventing deforestation.

Less trees in forest would be cut off. This would further aids in preserving ecosystem of that area.

Prevent soil erosion, since the roots of the trees hold the soil and prevent the upper layer from washing away, bring rainfall, and going to maintain balance between oxygen and carbon dioxide.

(2) WILD LIFE PROTECTION.

Afforestation would also be one way of the fauna of the region to thrive. It would provide a habitat where there would be many birds and other wild animals to live and protect them.

The costs are:

(1) The commercial activities done from the resources take from the forests needs to be stopped. This would decrease the natural resources taken for commercial purposes and the supply of these resources would decline in the market.

(2) When the forests were cut down,it provided a large area of land for people to build their homes for them to stay in the forest or use the land for other purposes such as agriculture. This land would not be available if they are now placed in preservation status.


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