Difference between revisions of "Supply"

Latest revision as of 14:28, June 24, 2016

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]

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

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-{{stub}}The supply of a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to sell.  If supply exceeds [[Demand|demand]] at that price, there will be an [[Oversupply|oversupply]].  If demand exceeds supply, there will be a shortage.
+'''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]].
+<center>
+[[File:Supply curve.jpg]]
+</center>
+<blockquote>
+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. [http://www.webshells.com/college/grid5.htm]
+</blockquote>
+==See also==
+* [[Supply chain]] and [[Just in time|Just in Time]] distribution system
+* [[Wal-Mart]] and [[Costco]]
+* '''[[Food distribution system]]:''' [[Transportation]] ([[truck]]s, [[ship]]s, [[railroad]], and [[airplane]]s), [[warehouse|warehousing]] (such as [[Amazon.com]], [[Costco]]), and [[retail]] facilities (such as [[Wal-Mart]]) which move [[food]] from the [[food production system]] to [[consumer]]s.
+* [[Essay:Systems of support|Systems of support]]
+* [[Essay:Alternative systems of support|Alternative systems of support]]
+* '''[[Food production system]]:''' Modern industrial big [[Agriculture|Agri-business]] versus [[Permaculture]]
+* [[Paul Samuelson]]
+* [[Capital]]
+* [[Capitalism]]
 [[Category:Economics]]
+[[Category:Business]]
+[[Category:Systems of Support]]
+[[Category:Survivalism]]