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Biotechnology can be both a boon and a bane. On one hand, it has revolutionized the medical and agricultural industries with the development of new drugs and genetically modified crops. Biotechnology has also created new job opportunities and has contributed to economic growth. However, it has raised ethical concerns regarding genetically modified organisms, cloning, and genetic engineering. It is important to regulate the use of biotechnology to ensure that its benefits are maximized while minimizing the risks and negative consequences.
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