5.1 Definition of Bioeconomy by Canada

The bio-economy covers all the stuff related to making, developing, and using things from biotechnology and nature. It includes things like using resources from fishing, forests, farming, and waste to create new products. It’s a mix of different fields like making materials, healthcare, energy, and agriculture better using bio-based methods. Each area has its own research and development, aiming to create eco-friendly and sustainable stuff. The main idea is to turn these bio-based things into products we can use and sell.