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How many types of economical values are there for biodiversity?

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How many types of economical values are there for biodiversity?

(a) One

(b) Two

(c) Three

(d) Four

This question was posed to me in an online interview.

The doubt is from Value of Biodiversity & Bio-piracy topic in chapter Biodiversity of Energy Management

1 Answer

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The correct option is (b) Two

Explanation: Economically there are two main types of values of biodiversity are there. They are, a) Use value, and b) Non use value. In Use value there are three types namely direct values, indirect values, and option values. In Non use value there are two types namely bequest value and existence value.

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