Write a short note on biopiracy highlighting the exploitation of developing countreis by the developed countries.

Explanation

### Step-by-Step Solution:

**Step 1: Definition of Biopiracy**
Biopiracy refers to the unauthorized use and exploitation of biological resources and traditional knowledge by multinational companies (MNCs) from developed countries. The term combines "bio," which signifies living resources, and "piracy," which implies theft or wrongful appropriation.

**Step 2: Context of Biopiracy**
Biopiracy often occurs when MNCs extract biological materials, such as plants, animals, or microorganisms, from developing countries without proper authorization or compensation to the local communities or governments. This exploitation is particularly prevalent in regions rich in biodiversity.

...