The way by which private game reserves to which wealthy hunters can travel could help save endangered species. Concept introduction: Property rights: Property rights are defined as the rights over a thing or a resource owned by an individual. When property rights are well defined, then it provides reasons to the owner to protect and care its resources. Endangered species: Those species which are about to extinct are called endangered species. They are listed in the red book prepared by the IUCN and are protected. Game reserves: Game reserves are the areas where a certain species of animals are conserved. People and tourists are charged some amount for the purpose of enjoying such sights. The funds generated are used to save rare species. Explanation: The main idea behind allowing rich hunters to travel to game reserves is to collect money from them. The collected money is used to conserve the endangered species and the inhabitant of the game reserves. Private game reserves allow rich people to hunt animals only during a specific season. This gives reason to the people to hunt, such that hunting can be enjoyed in the future. Such practice ensures that the number of each species is balanced and none of the species are extinct. The owners of the game reserve have incentive reason to protect rare species, so that future profits are not hampered.

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Chapter 25, Problem 2DQ

To determine

The way by which private game reserves to which wealthy hunters can travel could help save endangered species.

Concept introduction:

Property rights:

Property rights are defined as the rights over a thing or a resource owned by an individual. When property rights are well defined, then it provides reasons to the owner to protect and care its resources.

Endangered species:

Those species which are about to extinct are called endangered species. They are listed in the red book prepared by the IUCN and are protected.

Game reserves:

Game reserves are the areas where a certain species of animals are conserved. People and tourists are charged some amount for the purpose of enjoying such sights. The funds generated are used to save rare species.

Explanation:

The main idea behind allowing rich hunters to travel to game reserves is to collect money from them. The collected money is used to conserve the endangered species and the inhabitant of the game reserves.

Private game reserves allow rich people to hunt animals only during a specific season. This gives reason to the people to hunt, such that hunting can be enjoyed in the future.

Such practice ensures that the number of each species is balanced and none of the species are extinct. The owners of the game reserve have incentive reason to protect rare species, so that future profits are not hampered.

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