Supply Chain Excel. Supply in economics refers to the number of units of goods or service

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. Supply can relate to the amount We have enough supply for a number of years ahead. The meaning of SUPPLY is the quantity or amount (as of a commodity) needed or available. Supply has three important aspects, which are as follows:. When economists refer to supply, they mean the relationship between a range of prices and the quantities supplied at those prices, a relationship that can be illustrated with a supply curve or a supply schedule. Supply has three important aspects, which are as follows: Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object. Supply refers to the quantity of a good or service that producers are willing and able to offer for sale at various prices during a specific period. How to use supply in a sentence. Aug 2, 2025 · 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. This happens from time to time when supplies come in, usually at night. bkhtxlc5pyh9g
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