How do ticks and mites create a high costs for our economy?

Ticks and mites contribute to significant economic costs primarily through their impact on agriculture and public health. In agriculture, they can damage crops and livestock, leading to reduced yields and increased veterinary expenses. Additionally, ticks are vectors for diseases such as Lyme disease, resulting in healthcare costs and lost productivity due to illness. Together, these factors create a substantial financial burden on both the agricultural sector and healthcare systems.