Search results
- Dictionarysupply/səˈplʌɪ/
verb
- 1. make (something needed or wanted) available to someone; provide: "the farm supplies apples to cider makers" Similar
- 2. take over (a vacant place or role): archaic "when she died, no one could supply her place"
noun
- 1. a stock or amount of something supplied or available for use: "a farm with good water supply" Similar
- 2. a person, especially a schoolteacher, acting as a temporary substitute for another: "a supply teacher"
Powered by Oxford Dictionaries
Supply refers to the amount of a good or service that the producers/providers are willing and able to offer to the market at various prices during a period of time. There are two important aspects of supply: Supply refers to what is offered for sale and not what is finally sold. Supply is a flow. Hence, it is a certain quantity per day or week ...
1. Price of the Commodity. It is the main and the most important determinant of demand. When the price of the commodity is high, the producers or suppliers are willing to sell more commodities. Thus, the supply of the commodity increases. Similarly, when the price is low the supply of the commodity decreases owing to the direct relationship ...
Money supply refers to the total stock of money of all types ( currency as well as demand deposits) held by the people of a country at a given point of time. Money supply is measured in several ways which includes M1, M2, M3 and M4 measurement of money supply. Every measurement has it own definition with different components varying from most ...
Individual Supply Schedule. It is a supply schedule that depicts the supply by an individual firm or producer of a commodity in relation to its price. Let us understand it with the help of an example. Price per unit of commodity X (Px) Quantity supplied of commodity X (Dx) 100. 1000. 200. 2000.
In simple words, supply means that quantity of a particular commodity which a seller is ready to sell at a given price. Law of Supply: "The law of supply states that other things being equal, the higher the price, the greater the quantity supplied or the lower the price, the smaller the quantity supplied."
Supply Chain. SCM flows are divided into three main flows: Product flow – the movement of goods from the supplier to the consumer along with returns and other service requirements. Information flow – transmitting orders and updating the status of delivery. Finances flow – includes payment schedules, credit terms, consignment, and also ...
Thus the law of supply acts as a bridge between the supply of a commodity and its price. Further, we can say that there is a direct relationship between the supply of a commodity and its price. Again, this law is a result of common sense, as at higher prices a supplier would be looking at greater profit margins and hence it acts as an incentive ...
Theory of Supply. Supply is the quantity of goods a firm offers to sell in the market at a given price. Now the theory of supply states that with an increase in price the number of goods a firm wishes to supply will also increase. Let us study in detail the definition of supply, law of supply and other important concepts. Supply is the quantity ...
Increase in supply is a situation when quantity supplied increases due to the favourable changes in factors other than price. The reasons for rightward shift of the supply curve are as under: (1) Fall in the price of factors of Production: When prices of factors of production (wages, cost of raw material etc.) decreases, it increases the profit ...
Define decrease in supply. Medium. Open in App. Solution. ... it is a situation of decrease in supply. ...
