Market Dynamics and Technical Change
Biotechnology is a field that involves the use of living organisms, cells, and biological systems to develop products and technologies that improve human life and the environment. This innovative area combines biology and technology, harnessing biological processes for applications in health, agriculture, and industry. Its importance is underscored by its potential to drive economic growth through advancements in research and development, as well as its capacity to address pressing global challenges such as food security and disease management.
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