Supply is a fundamental economic concept that describes the quantity of a good or service that producers are willing to offer to buyers in the marketplace. Supply can relate to the amount...
Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object. Supply is often plotted graphically as a supply curve, with the price per unit on the vertical axis and quantity supplied as a function of price on the horizontal axis.
When economists talk about supply, they mean the amount of some good or service a producer is willing to supply at each price. Price is what the producer receives for selling one unit of a good or service.
- (often foll by: with) to furnish with something that is required: to supply the community with good government. 2. (tr; often foll by to or for) to make available or provide (something that is desired or lacking): to supply books to the library. 3. (tr) to provide for adequately; make good; satisfy: who will supply their needs?. 4.
We have enough supply for a number of years ahead. And as a side effect, they helped build up a small supply of succinate. This happens from time to time when supplies come in, usually at night.
The meaning of SUPPLY is the quantity or amount (as of a commodity) needed or available. How to use supply in a sentence.
Supply in economics refers to the number of units of goods or services a supplier is willing and able to bring to the market for a specific price. The law of supply explains the reaction of the supplier when the prices in the market change.
In economics, supply refers to the quantity of a product available in the market for sale at a specified price and time. In other words, supply can be defined as the willingness of a seller to sell the specified quantity of a product within a particular price and time period.
What is a basic definition of supply? The word supply is used as a verb to mean to provide something. As a noun, supply refers to a stockpile or quantity of something. Supply has several other senses as a verb or a noun. As a verb, supply means to give something.