Studying the economics of biodiversity conservation is significant because it highlights the intrinsic and extrinsic value of preserving biological diversity. Understanding the economic benefits, such as ecosystem services, tourism revenue, and improved human health, can drive support for conservation initiatives. It also helps policymakers allocate funding effectively and develop sustainable management practices that balance ecological preservation with economic growth. This economic perspective encourages stakeholders to recognize the importance of biodiversity in maintaining ecological stability and fostering resilient communities.