At its simplest, biotechnology is technology based on biology - biotechnology harnesses cellular and biomolecular processes to develop technologies and products that help improve our lives and the health of our planet.
In macroeconomics, the focus is on the demand and supply of all goods and services produced by an economy. Accordingly, the demand for all individual goods and services is also combined and referred to as aggregate demand.
Dictionary entry overview: What does economics mean? â¢ ECONOMICS (noun) The noun ECONOMICS has 1 sense: 1. the branch of social science that deals with the production and distribution and consumption of goods and services and their management Familiarity information: ECONOMICS used as a noun is very rare.