Answer:
Taxonomic system of classification can be described as the method of classification on the basis of which organisms are classified into more and more inclusive groups. The taxonomic system of classification was devised by Carolus Linnaeus.
This system of classification is important because organisms can be grouped on the basis of their similarities. The organisms which are more closely related in terms of structure and function are more closely related to one another. Hence, it helps to group organisms on the basis of their similarities. It helps scientists to organize the diversity of life.