Biotechnology has been used for thousands of years to produce foods and materials through fermentation and selective breeding. Modern biotechnology began in the 1970s with genetic engineering techniques allowing manipulation of organisms at the molecular level. While biotechnology has benefits like producing lifesaving drugs and drought-resistant crops, it also raises ethical issues regarding genetic modification and patenting of life. Governments aim to balance biotechnology development with responsible social and environmental oversight to ensure its safe and equitable progress.