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Explores the minimum unit price effects on bio-based product consumption, suggesting economic stability improvements.
Apart from Green Revolution; ‘’Bio economy’’ is an economic system uses biomass including but not limited to plant or organic waste for producing bio-based products including but not limited to biomolecules in sustainable way of 4th Industrial revolution called’ ’Bio revolution’’. ‘’Bio-molecular economy concept’’ is for purposefully expanding the existing market of product through higher production, Safer processing & Consumption and Best-buy pricing of Bio-based products such protein-based products, Lipid-based products, Carbohydrate-based products and Nucleic acid-based products. ’The research findings show the major principle of double-demands states that ‘’ Minimum unit price proportionally increases when the molecule concentration increases, Quantity demanded decreases and the other factors (Size, colour, smell, taste, etc.) remain constant. The socio-economic impacts are for reducing unemployment rate, effective control of critical bio-molecules like Alcohol and nicotine as well as improving economic stability and growth.
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Alphonse NZISABIRA (2026) studied this question.
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