Why is binomial nomenclature called so?

Explanation

**Step-by-Step Solution:**

1. **Definition of Binomial Nomenclature**: Binomial nomenclature is a system used to give scientific names to organisms. It is a formal system of naming species.

2. **Two-Part Naming System**: The term "binomial" comes from the Latin words "bi-" meaning two, and "nomial" meaning names. Therefore, binomial nomenclature literally means "two-name naming system."

3. **Components of the Name**: In this system, the scientific name of an organism consists of two parts:
- The **first part** is the **genus name**, which indicates the genus to which the organism belongs.
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