Analysis of Biomimicry in Economy

Biomimicry is a discipline of applying nature's principles and it does not only changes the ways we think about designing, producing, transporting, and distributing goods and services, but also provides opportunities to deal with complex environmental and economic problems. This research paper include the BIOMIMICRY as a global design challenge. Focus on the current topics in biomimetics to achieve ecologically sustainable product and discuss the potential of biomimetics in science, engineering, and medicine. Our propose is to become a blueprint for accomplishments that can stem from biomimetics in the next 5 years as well as providing insight into their unseen limitations. The aim of the paper was to study connection between economy and biomimicry and to point out applicability of method in growth of economy. Only tight collaborations between engineers, chemists, materials scientists and biologists will make these 'next-generation' materials a reality. Biomimetics is the study of nature and natural phenomena to understand the principles of underlying mechanisms, to obtain ideas from nature, and to apply concepts that may benefit economy with science, engineering, and medicine. This review focuses on recognizing specific examples of biomimetics, their current use, and how they will continue to be used in the future The study shows clear connections between biomimicry and economy. Biomimicry is about innovating new technologies and economy stresses the importance of technology transfer to developing countries. Biomimicry can be applied exactly on the same sectors of economy which have most export potential in economy.