Exploring molecular, genetic and species level diversity for products of economic importance is called
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Bioprospecting: This is the systematic exploration of biological resources at the molecular, genetic, and species levels to discover and commercialize new products of economic value, such as medicines, enzymes, or agricultural chemicals.
•Biodiversity : A broad term referring to the variety of life on Earth, encompassing genetic, species, and ecosystem diversity.
•Biopiracy : The unauthorized use of biological resources or traditional knowledge without proper compensation or permission from the original owners.
•Bioremediation : The use of living organisms, typically microorganisms, to clean up or remove pollutants and toxins from soil and water.
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