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Significance of Commercial utilization

Commercial utilization involves using biological resources for profit while adhering to specific regulations under Indian law. These regulations aim to ensure that local communities have fair access to these resources, promoting equitable sharing of benefits derived from biological diversity. This framework highlights the importance of sustainable practices and the ethical considerations surrounding the exploitation of biological resources for commercial purposes.

Synonyms: Commercial exploitation, Market application, Economic use, Commercial application, Exploitation, Industrial use

The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.

The concept of Commercial utilization in scientific sources

Science Books

Commercial utilization involves profiting from biological resources while adhering to Indian regulations that promote equitable access for local communities. This ensures sustainable practices and respects community rights in the use of these resources.

Significance in Scientific journals, articles, etc.:

From: International Ayurvedic Medical Journal

(1) The use of biological resources for profit, which is subject to regulations under Indian law to ensure fair access to local communities.[1]

This section includes scientific research in the field of healthcare, often involving traditional medicine systems such as Ayurveda, Unani, Siddha and Holistic health. It includes papers from scientific journals classified as either original, clinical or experimental research, review articles or case reports.