The use of Latin for the scientific names of species started in the eighteenth century. The advantages of using Latin, at that time, were:
Common species names aren’t universal, after all, and the same common name may in fact be used to refer to several related species – for example, pill bugs are also called slaters or woodlice, amongst other local names, and the term refers to several species. For example, pill bugs are also called a slaters or woodlice, among other local names, and the term refers to several species (Figures 3 and 4).
The binomial also tells you something about interspecies relationships, which common names generally do not. Sharing a generic name means that two species are closely related. There also are higher order groupings that express broader relationships. For example, related genera are grouped into a family and then related families are grouped into orders, orders into classes and classes into phyla.
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