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
Simply put, the money supply is the total stock of money that is in circulation in an economy on any specific day. This includes all the notes, coins and demand deposits held by the public on such a day. Such as money demand, money supply is also a stock variable. One important point to note is that the stock of money kept with the government ...
Explain the factor 'input price' that can a change in supply. Market Supply refers to the graphical presentation of aggregate quantities supplied by all the firms or producers (plotted on the x-axis) and different prices (plotted on the y-axis) at which the quantities are offered for sale. In other words, it is the horizontal summation of the ...
One of the types of combustion is Complete Combustion. Complete combustion occurs in an unlimited supply of air, oxygen in particular. Also, complete combustion is also known as clean combustion. Here the hydrocarbon will burn out completely with the oxygen and leave only two byproducts, water, and carbon dioxide.
Solution. Verified by Toppr. Money supply means the total stock of money in circulation among the people at a particular point of time in an economy. The supply of money is comprised of two components that include currency and demand deposits available with banks. Was this answer helpful?
Static Functions of Money. These functions are: A medium of Exchange – In an exchange economy, money plays an intermediary role. It makes the exchange system smooth and convenient. A measure of Value – The value of a product or service is determined on the basis of the money needed for its possession. This helps in making the exchange a ...
Define elasticity of supply. View Solution. Q3 _____ are relatively less elastic in supply. View Solution. Q4.
Therefore, there is an imbalance between the money supply and the Gross Domestic Product (GDP). There are many types of inflation like demand-pull inflation, cost-push inflation, supply-side inflation. But Inflation can be divided into two broad types: Open inflation – when the price level in an economy rises continuously and
When the quantity supplied increases due to factors other than effect on price of the concerned commodity, it is a situation of increase in supply. Was this answer helpful? Write True or False with a reason. Increase in supply means more is sold because market prices tend to increase.
In economics, the term market will refer to the market for one commodity or a set of commodities. For example a market for coffee, a market for rice, a market for TV’s, etc. A market is also not restricted to one physical or geographical location. It covers a general wide area and the demand and supply forces of the region.
Solution. Verified by Toppr. Price elasticity of supply is a measure of the degree of responsiveness of quantity supplied to change in the product's own price. Price and supply move in the same direction hence price elasticity of supply is positive. Was this answer helpful?
