GMOs or genetically modified organisms are living organisms whose genetic material has been artificially manipulated in a laboratory through genetic engineering (NonGMO Project). In over sixty countries genetically modified organisms have restrictions or bans on the production and sale of GMOs (NonGMO Project). However, in the United States genetically modified organisms have been approved. GMO products are not labeled even though many Americans would like for them to be (NonGMO Project). The non-labeling of products is where most of the concerns of the people come to play.
In this particular video that we were assigned to watch, the main problem that was faced came from both consumers and producers of food. To have certain foods labeled as …show more content…
However, this initiative has not yet been passed. If I were to have to choose a side within this debate, I would be one that would want GMO labels on all GMO products. The safety of the environment, and the people are more important than the cost of the products being produced. In an article written by Colleen Casey he states that, economic trade off comes at a cost to our health and the environment (Casey, 2014). The production of GMO products is cheaper, because the product lasts longer than a naturally grown product would. Cutting cost is what matters most too some people in the …show more content…
It is all about supply and demand. The basic insight underlying the law of supply and demand is that at any given moment a price that is “too high” will leave disappointed would-be sellers with unsold goods, while a price that is “too low” will leave disappointed would-be buyers without the goods they wish to buy (Kirzner, 2000). Producers of GMO products tends to sale their food at much lower prices, because they know consumers will tend to buy them. Of course if someone saw the same product for a cheaper price they would go for it, but if they knew what went into it, would they still purchase it?
If you look at it from a health economic stand point, and you view some of the foods that had to be recalled because of mercury, salmonella, or e-coli, you can see that there were some deaths and the companies either fell or closed. Unless the people who are against GMO labels want people to get sick, then what exactly is the problem with the label? Some studies even believe that GMOs cause some food allergies or even
In this particular video that we were assigned to watch, the main problem that was faced came from both consumers and producers of food. To have certain foods labeled as …show more content…
However, this initiative has not yet been passed. If I were to have to choose a side within this debate, I would be one that would want GMO labels on all GMO products. The safety of the environment, and the people are more important than the cost of the products being produced. In an article written by Colleen Casey he states that, economic trade off comes at a cost to our health and the environment (Casey, 2014). The production of GMO products is cheaper, because the product lasts longer than a naturally grown product would. Cutting cost is what matters most too some people in the …show more content…
It is all about supply and demand. The basic insight underlying the law of supply and demand is that at any given moment a price that is “too high” will leave disappointed would-be sellers with unsold goods, while a price that is “too low” will leave disappointed would-be buyers without the goods they wish to buy (Kirzner, 2000). Producers of GMO products tends to sale their food at much lower prices, because they know consumers will tend to buy them. Of course if someone saw the same product for a cheaper price they would go for it, but if they knew what went into it, would they still purchase it?
If you look at it from a health economic stand point, and you view some of the foods that had to be recalled because of mercury, salmonella, or e-coli, you can see that there were some deaths and the companies either fell or closed. Unless the people who are against GMO labels want people to get sick, then what exactly is the problem with the label? Some studies even believe that GMOs cause some food allergies or even