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.
What is the difference between Aggregate and Average? Definition: Aggregate refers to the total sum of elements in a data set. Average refers to the mean value in a data set. Method: Aggregate value is calculated by adding all values together. Average value is calculated by adding all the values together and dividing by the number of elements.