Biodiversity boosts ecosystem productivity where each species, no matter how small, all have an important role to play. For example, a larger number of plant species means a greater variety of crops; greater species diversity ensures natural sustainability for all life forms; and healthy ecosystems can better withstand and recover from a variety of disasters.

A healthy biodiversity provides a number of natural services for everyone:

• Ecosystem services, such as
  • Protection of water resources
  • Soils formation and protection
  • Nutrient storage and recycling
  • Pollution breakdown and absorption
  • Contribution to climate stability
  • Maintenance of ecosystems
  • Recovery from unpredictable events
• Biological resources, such as
  • Food
  • Medicinal resources and pharmaceutical drugs
  • Wood products
  • Ornamental plants
  • Breeding stocks, population reservoirs
  • Future resources
  • Diversity in genes, species and ecosystems
• Social benefits, such as
  • Research, education and monitoring
  • Recreation and tourism
  • Cultural values

That is quite a lot of services we get for free! The cost of replacing these (if possible) would be extremely expensive. It therefore makes economic and development sense to move towards sustainability. A report from Nature magazine also explains that genetic diversity helps to prevent the chances of extinction in the wild (and claims to have shown proof of this). To prevent the well known and well documented problems of genetic defects caused by in-breeding, species need a variety of genes to ensure successful survival. Without this, the chances of extinction increases. And as we start destroying, reducing and isolating habitats, the chances for interaction from species with a large gene pool decreases. While there might be "survival of the fittest" within a given species, each species depends on the services provided by other species to ensure survival. It is a type of cooperation based on mutual survival and is often what a "balanced ecosystem" refers to.