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.
The definition of economics states that it is the study of how. agents choose to allocate scarce resources and the impact of those choices on society. The statement saw the unemployment rate peak at 10 percent in 2009 is a ______ statement since it describes what it's actually do. Positive.