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Biopiracy refers to the use of bioresources by multinational companies and other organisations without proper authorisation from the countries and people concerned with compensatory payment.

1. Biopiracy refers to the use of bioresources by multinational companies and other organisations without proper authorisation from the countries and people concerned with compensatory payment.
2. Biopiracy refers to the use of bioresources by multinational companies and other organisations with proper authorisation from the countries and people concerned with compensatory payment.
3. Biopiracy refers to the use of bioresources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment.
4. Biopiracy refers to the use of bioresources by multinational companies and other organisations with proper authorisation from the countries and people concerned without compensatory payment.

Correct answer: Biopiracy refers to the use of bioresources by multinational companies and other organisations without proper authorisation from the countries and people concerned without compensatory payment.

Solution

Biopiracy means exploiting biological resources or traditional knowledge without permission and without paying the rightful owners or communities. The correct statement matches both conditions: no proper authorization and no compensatory payment.

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