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.
Industrial economics is a distinctive branch of economics which deals with the economic problems of firms. and industries, and their relationship with society. In economic literature it is known by several names with. marginal differences such as âEconomics of Industriesâ, âIndustry and Tradeâ, âIndustrial Organization and. Policyâ, âCommerceâ and âBusiness Economicsâ etc.