Biotechnology
Biotechnology is the use of living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use" (UN Convention on Biological Diversity, Art. 2). Depending on the tools and applications, it often overlaps with the (related) fields of bioengineering, biomedical engineering, biomanufacturing, molecular engineering, etc.
Genetics
Genetics is the study of genes, genetic variation, and heredity in living organisms. It is generally considered a field of biology, but intersects frequently with many other life sciences and is strongly linked with the study of information systems.
Genetics
I stand by my assertions that although you can know what happens to any individual species that you modify, you cannot be certain what will happen to the ecosystem. Also, we have a strange situation where we have malnourished fat people. It’s not that we need more food. It’s that we need to manage our food system better. So when corporations seek government funding for genetic modification of food sources, I stroke my chin.
Bill Nye [NOTE: This position was retracted by Bill Nye less than four months later, per The Washington Post source March 3, 2015, below.]