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 pursuit of these five economic goals is inherently an act of normative economics. In fact, the normative part of normative economics is based on the word norm which is synonymous with the word goal.. Normative economics is essentially the pursuit of economic goals.