Define the term bio-piracy.
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noun: bio-piracy
the practice of commercially exploiting naturally occurring biochemical or genetic material, especially by obtaining patents that restrict its future use, while failing to pay fair compensation to the community from which it originates.
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Biopiracy is defined as the unauthorized use of resources by some multinational companies and other organization.
They use resources without compensating payments to people who are affected by use of these resources.
Patenting of Basmati is an example of biopiracy. Basmati is long-grained rice which is mostly found in Pakistan and India.
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