Economic importance of basidiomycetes are:
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The fungal forms like the mushrooms and puffballs are edible forms which is having high food value.
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The mushrooms are ideal food which contains 20-35% proteins. These proteins are rich in two essential aminoacids, lysine and tryptophan which can supplement the cereals.
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The fungus Clavatia contains the anti-cancer substance known as the clavicin.
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Some of the basidiomycetes are wood rotters and decomposers of cellulose and lignin.
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The club fungus causes diseases like rust and smuts to crops.
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Some members are deadly poisonous like the Amanita phalloides, Amanita virosa, and Amanita verna are the deadliest forms. Whereas some others members produce the hallucinogenic chemicals.