- Words: 893
- Length: 3 Pages
- Topic: Agriculture
- Paper #: 52205249
Geneticly-Modified Crop Economics
Genetically-Modified Crop Economics
Economic Issues: Consider production, consumption, costs, variables of supply-demand, corporations, private enterprise, impact on the nation's economy (employment, displacement, outsourcing).
Are certain industries impacted more than others?
As it relates to genetically-modified foods and crops, there are several major industries involved. Obviously, the main industry involved would be agriculture. The genetically-modified crops are used for a variety of reasons. First, the modified crops can be used to discourage