Introduction: The brand name in a product will create different preferences for the consumer. The medicinal and sweetening properties of licorice plants in two forms of nanoparticles or their traditional supply have different economic justifications. With environmental compatibility and scalability, green nanoparticles (NP) production is a new field of nanotechnology that outperforms both physical and chemical approaches.
Materials and Methods: In this research, knowing the livelihood of rural people in Kermanshah region of Iran with the potential to harvest the wild and medicinal licorice plant, in terms of cost efficiency, biocompatibility, value added of nanoparticles were investigated using the benefit-cost method. The economic analysis was based on welfare theory. Crop cultivation information in the fall of 2022 was collected in the form of daily prices in the online market. The sensitivity analysis for licorice medicinal plant products in terms of economic production was estimated by a cost-benefit index value of 4.09.
Results and Discussion: The investment return period in the case of licorice nanoparticle processing is 1.2 years, which is more economical compared to the usual licorice product of 3.7 years. The internal rate of return increased from 27 to 80 percent, which showed the high profitability of supplying raw materials or other forms of consumption except nano, in contrast to the processing of dry licorice root, due to its medicinal properties, it includes more diverse uses in the production of new products.
Conclusion and Suggestions: It is suggested to increase the region's income for the new market by equipping the arable areas with industry and nanoparticle processing devices.