Extinction is defined as the elimination of species due to natural or human-made factors. The species are necessary to preserve the ecosystem and biodiversity.
Private ownership of threatened or extinct species can prevent the extinction of those species. Their likelihood of being hunted, exported, traded, preyed upon, losing their habitat, and dying from natural disasters will all be decreased by private ownership. To stop them from going extinct, animals like elephants, monkeys, crocodiles, snakes, and lions are divided into private ownership categories.
The prohibition on the trade in endangered species may or may not prevent the extinction of the species, but it also may backfire and cause market booms. The ban will enable traders to engage in animal trafficking and theft, which may speed up the rate of extinction. There will be an increase in wildlife deaths as a result of poaching for their meat, fur, teeth, and skin being sold on the black market.
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