What is nonconsumptive use value? Why is this concept important? How can it be estimated? Explain with an example or examples.

Nonconsumptive use value is the value of wildlife that can be "extracted", or enjoyed, without having to kill the wildlife.

For example, hiking represents an opportunity for the enjoyment of nonconsumptive use value because several animals can be watched, touched, or even fed, while they are still alive.

Bird-watching is also a popular hobby that represents the enjoyment of the nonconsumptive value of wildlife.

This concept is important because it can raise awareness about the importance of wildlife and ecosistemic diversity.