Supply

From Conservapedia - Reading time: 1 min

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Supply is the amount of a product or commodity that is available.

In free market systems of economics, when supply is greater than demand, that results in oversupply and the price will usually begin to drop. In cases where demand is greater than supply a shortage will result and then prices will usually begin to increase.

Sometimes in business, supply is purposely restricted so that oversupply will not occur. The interrelationship between supply and demand is called supply and demand.

Shift in Supply - The supply curve is a simultaneous set of potential quantities offered at different prices, a positive relationship. A change in a factor other than price causes a supply shift, but the distinction between that and change in quantity supplied is not as fundamental as it seems. [1]

See also[edit]

• Supply chain and Just in Time distribution system
• Wal-Mart and Costco
• Food distribution system: Transportation (trucks, ships, railroad, and airplanes), warehousing (such as Amazon.com, Costco), and retail facilities (such as Wal-Mart) which move food from the food production system to consumers.
• Systems of support
• Alternative systems of support
• Food production system: Modern industrial big Agri-business versus Permaculture
• Paul Samuelson
• Capital
• Capitalism