Economic importance of algae is as follows:
The group Algae plays both economically beneficial as well as harmful roles.
Beneficial importance :
(i) People of coastal countries have been using sea weeds & certain other algae as source of food, e.g., Porphyra, Ulva, Laminaria, etc.
(ii)Some algae are used as food for marine as well as domestic animals, e.g., Sargassum, Macrocystis.
(iii)Algae are useful source of many commercial products like agar, a jelly like substance (complex polysaccharide) is extracted form species of red algae belonging to the genera Gelidium, Gracilaria etc. Agar is also used as base in culture media. Carrageenin occurs as a cell wall polysaccharide, esterified with sulphate. It is extracted from red alga like Chondrus Crispin, etc. is used in pharmaceutical emulsifier and textile, leather, cosmetic industries. Alginates are salts of alginic acid found in the cell wall of phaeophyceae (brown algae) like Fucus, Laminaria etc.
(iv)Algae are also useful in medicine industry. Antibiotic chlorellin is obtained from Chlorella. Extracts of Cladophora, Lyngbya kill strains of Pseudomonas and Mycobacterium like bacteria. Nitella is used to destroy mosquitoes growth in ponds and hence used in control of malaria.
(v) Some algae are used in agriculture like Nostoc, Anabaena etc. are used to convert atmospheric N2 into nitrogenous compounds which are absorbed by higher plants. Some sea weeds like Fucus, Litlwphyllum, Lycophyllum etc. are rich io K, P, trace elements and growth substances and are used as fertilisers by coastal people.
(vi)Some algae like Chlorella, Chlamydomonas, etc. are used in sewage disposal in ponds. These algae help in bacterial decomposition by providing 02.
(vii)Some algae like Chlorella, Synecoccus, etc are used in space travels. A person inside a spaceship will need a device to get rid of C02 and other body wastes and will require sources of Oz and food. These algae are very useful for this purpose.
(viii)A large amount of iodine (mineral element present in thyroxine hormone of thyroid gland) is extracted from kelps (brown sea weeds or members of phaeophyceae) like Laminaria, Fucus, Ascophyllum etc. Similarly red algae like Rhodomela, Polysiphonia, Rhodymenia are sources of bromine.
Harmful importance:
(i) Some blue green and green algae like Chroococcus, Oscillatoria grow over the surface of water bodies in abundance and cause water bloom. On death and decay these algae give off bad smell. Some algae secrete poisonous or toxic substances.
(ii)Parasitic algae like Cephaleuros virescens causes red rust of tea, coffee etc.
Economic importance of gymnosperms is as follows:
(i)Some species of Cycas like C. revoluta, C. rumphii look like palm tree and are used for decoration purposes as they remain fresh for long period.
(ii)Stem portion of Cycas revoluta is a good source of ‘sago’, a kind of starch used in making bread by poor people. Seeds of some species of Cycas are roasted and taken as food. Young succulent leaves of some species of Cycas are cooked as vegetable.
(iii)Many gymnospersm have medicinal value. The fresh juice extracted from the Cycas circinalis leaves is used as medicine for stomach disorders, blood vomiting and other skin diseases. Pollen grains of some Cycas plants are reported to have some narcotic effect.
(iv)Some gymnosperms like Pinus, Abies, Cedrus are the chief source of various types of woods. The wood of Juniperus is used in making pencils, scales, holders etc.
(v)Some species of Pinus is a good source of turpentine, wood gas, wood alcohol.