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SUPPLY definition: 1. to provide something that is wanted or needed, often in large quantities and over a long period…. Learn more.
Apr 14, 2023 · Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the...
noun. plural supplies. Synonyms of supply. 1. a. : the quantity or amount (as of a commodity) needed or available. beer was in short supply in that hot weather Nevil Shute. : provisions, stores usually used in plural. c. : a member of the clergy filling a vacant pulpit temporarily. d. obsolete : reinforcements often used in plural. 2.
As a noun, supply means an amount of something that has been stored up or stockpiled. For example, almost everyone keeps a supply of food in their house. The plural of supply is supplies and is used when more than one type of thing is being stored.
supply: a schedule or a curve describing all the possible quantities that sellers are willing and able to produce, at all possible prices they might encounter in a particular period of time; supply is represented in a graphical model as the entire supply curve. law of supply
Definition of supply noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Key points. Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.
In this video we explore the law of supply which states that quantity supplied increases as price increases. We use a supply schedule to describe the quantities a seller is willing to sell at different prices, and then translate the supply schedule into a supply curve that illustrates the law of supply. Created by Sal Khan.
In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.
Supply is the quantity of goods and services that can be made available for people to buy. [business] Prices change according to supply and demand. Synonyms: supplying, provision, distribution, sending out More Synonyms of supply. 5. See in short supply. More Synonyms of supply. Collins COBUILD Advanced Learner’s Dictionary.
