How does biotechnology contribute to economic disparity?

The application of biotechnology in agriculture and healthcare has immense potential to improve productivity and health outcomes. However, these advancements often come with high costs that only developed nations or wealthy individuals can afford. For instance, genetically modified organisms (GMOs) can increase crop yields and reduce pesticide use, but the seeds are often patented by large corporations, making them expensive for small-scale farmers in developing countries. This creates a scenario where wealthier farmers can afford better technology and thus widen their margins over poorer farmers.