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.
economic. 1  pertaining to the production, distribution, and use of income, wealth, and commodities. 2  of or relating to the science of economics. 3  pertaining to an economy, or system of organization or operation, especially of the process of production.