Which component is NOT included in assessing the economic significance of pests?

Location of the pest is not a direct component in assessing the economic significance of pests. While the location may have implications for the pest's presence and management strategies, it does not directly relate to the economic impacts that pests have.

In evaluating the economic significance, factors like aesthetic considerations are crucial because they can influence property values and the enjoyment of recreational spaces. The impact on recreational usage is also significant; for example, if a pest affects a lake or park, it can deter visitors and reduce revenue for local businesses. The cost of pest management strategies is vital, as this reflects the financial burden that pests impose on individuals and organizations needing control measures.

Overall, assessing economic significance requires a focus on how pests affect finances and usage rather than solely their geographical location.