Yes, it is. It means causing harm, or able to cause harm.
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Insects harm trees by leaving their harmful bacteria which can
spoil tree's branch or leaves and some insects are also capable in
making whole into the tree's branch.Some insects like termite can
spoil trees by eating their wooden branches.
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Many natural resources are finite or limited. If they are not
conserved and continue to be wasted as they are now, they will
eventually run out.