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A bioeconomist is a person who studies bioeconomics - the study of the relationship between human biology and economics.

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A bioeconomist is a person who studies bioeconomics - the study of the relationship between human biology and economics.

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Economics is a collection of thoughts and principles that are derived from other sciences. Economics, sociology and politics are interrelated as these sciences make an impact on the lives of people and their society.

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(1) Bioinformatics. Makes the rapid organization and analysis of biological data possible via computational techniques.

(2) Blue biotechnology. Marine and aquatic applications of biotechnology, used to improve cleanup of toxic spills, improve yields of fisheries, etc.

(3) Green biotechnology. Agricultural uses of biotechnology, such as the selection and domestication of plants via micropropagation, designing transgenic plants to grow under specific environmental conditions .Benefits are crops with better taste, texture, appearance, aroma, nutrition, yield, robustness in adverse environmental conditions, and resistance to herbs, fungi, and pests.

(4) Red biotechnology. Application of biotechnology to medicine, including the designing of organisms to produce antibiotics, and the engineering of genetic cures through genomic manipulation. Other areas:

(a) Drug production.

(b) Pharmacogenomics.

(c) Gene therapy.

(d) Genetic testing.

(e) Improved vaccines.

(f) Biopharmaceuticals.

(g) New medical therapies.

(h) Diagnostics.

(5) White biotechnology. Also known as industrial biotechnology. Exemplified by the designing of an organism to produce a useful chemical, the use of enzymes as industrial catalysts to either produce valuable chemicals or destroy hazardous/polluting chemicals, and the development of biotechnological processes that consume fewer resources than traditional processes used to produce industrial goods.

(4) Bioeconomics. Investment in applied biotechnologies to increase economic output

DISADVANTAGES:

(1) Loss of privacy via loss of medical and genetic information.

(2) Discrimination of people with genetic or medical anomalies.

(3) Cloning. It is considered to be unethical among various groups and can result in eugenic practises.

(4) Transformations of wild species into "super species" with resistance to pesticides, herbicides, or fungicides.

(5) Loss of biodiversity. Development of genetically modified crops or domestic livestock could reduce genetic variety among both domesticated and wild species.

(6) Harmful chemicals. Although biotechnology will generate many new and valuable chemicals, some chemicals with unknown or damaging environmental impacts are likely to be developed.

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