Complex sentence: Biobased economy, bioeconomy or biotechonomy refers to all economic activity derived from scientific and research activity focused on biotechnology-in other words, on understanding mechanisms and processes at the genetic and molecular levels and its application to industrial process.
Split into simpler sentences: Biobased economy, bioeconomy or biotechonomy refers to all economic activity derived from scientific and research activity focused on biotechnology. In other words, on understanding mechanisms and processes at the genetic and molecular levels and its application to industrial process.