The Social Cost of Genetically Modified Foods GMOs
Consider the factory farming of animals.The density of operations results in a concentration of germs and in animals being fed antibiotics-Monsanto has reduced the measured cost of food production by producing modified seeds that result in plants that are pest and herbicide resistant. The result is increased yields and lower measured costs of production. However, there is evidence that the social or external costs of this approach to farming more than offsets the lower measured cost.
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