Supply

Supply
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 amount available at a specific price or the amount available across a range of prices if displayed on a graph. This relates closely to the demand for a good or service at a specific price; all else being equal, the supply provided by producers will rise if the price rises because all firms look to maximize profits.

Supply and demand trends form the basis of the modern economy. Each specific good or service will have its own supply and demand patterns based on price, utility and personal preference. If people demand a good and are willing to pay more for it, producers will add to the supply. As the supply increases, the price will fall given the same level of demand. Ideally, markets will reach a point of equilibrium where the supply equals the demand (no excess supply and no shortages) for a given price point; at this point ,consumer utility and producer profits are maximized.


Investment dictionary. . 2012.

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  • Supply — Sup*ply , v. t. [imp. & p. p. {Supplied}; p. pr. & vb. n. {Supplying}.] [For older supploy, F. suppl[ e]er, OF. also supployer, (assumed) LL. suppletare, from L. supplere, suppletum; sub under + plere to fill, akin to plenus full. See {Plenty}.]… …   The Collaborative International Dictionary of English

  • Supply — may refer to:*Supply and demand theory *Government budget, in the Westminster System *Materiel, the goods and equipment that a military unit needs to fulfill its missionee also*Logistics *Military Supply Chain Management *Provider *Public finance …   Wikipedia

  • Supply — Sup*ply , n.; pl. {Supplies}. 1. The act of supplying; supplial. A. Tucker. [1913 Webster] 2. That which supplies a want; sufficiency of things for use or want. Specifically: [1913 Webster] (a) Auxiliary troops or re[ e]nforcements. My promised… …   The Collaborative International Dictionary of English

  • supply — supply1 [sə plī′] vt. supplied, supplying [ME supplyen < MFr supplier < L supplere, to fill up < sub ,SUB + plere, to fill: see FULL1] 1. to give, furnish, or provide (what is needed or wanted) [to supply tools to workers] 2. to meet t …   English World dictionary

  • Supply — Sup*ply , a. Serving to contain, deliver, or regulate a supply of anything; as, a supply tank or valve. [1913 Webster] {Supply system} (Zo[ o]l.), the system of tubes and canals in sponges by means of which food and water are absorbed. See Illust …   The Collaborative International Dictionary of English

  • supply — ► VERB (supplies, supplied) 1) make (something needed) available to someone. 2) provide with something needed. 3) be adequate to satisfy (a requirement or demand). ► NOUN (pl. supplies) 1) a stock or amount of someth …   English terms dictionary

  • supply# — supply vb *provide, furnish Analogous words: *replace, supplant, supersede: compensate, satisfy, recompense (see PAY): fulfill, *satisfy, answer: sustain, *support, prop, bolster, buttress supply n * …   New Dictionary of Synonyms

  • supply — I verb accommodate with, accouter, administer, afford, bestow, cater, contribute, deal out, deliver, distribute, endow, endue, equip, feed, fill up, fit out, furnish, give, grant, invest, lavish, maintain, minister, ministrare, oblige, outfit,… …   Law dictionary

  • supply — [n] reserve of goods accumulation, amount, backlog, cache, fund, hoard, inventory, number, quantity, reservoir, source, stock, stockpile, store, surplus; concept 712 Ant. debt, lack supply [v] furnish, provide, give a resource afford, cater,… …   New thesaurus

  • Supply —   [sə plaɪ, englisch] der, s, Vorrat, Bestand, in der Wirtschaftstheorie das Angebot; Gegensatz: Demand …   Universal-Lexikon

  • supply — The mode, method, or route by which a given post office or locality receives its mail …   Glossary of postal terms

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