supply
The quantity of something that producers have available for sale
Supply refers to the total amount of a particular good or service that is available to consumers at a given time and at a given price. It is the quantity of a particular product that producers are willing to produce and offer for sale at a particular price.
The supply of a product depends on various factors such as the cost of production, the price of raw materials, the availability of resources, technology and the capacity of firms to produce goods or services.
The law of supply states that as the price of a product increases, the quantity supplied of that product will also increase, all other things being equal. Alternatively, if the price of the product decreases, the quantity supplied will decrease. This relationship between price and quantity supplied is illustrated by the supply curve, which is upward sloping.
In summary, supply is the amount of a product that a producer is willing and able to offer to the market for sale at a given price. It is determined by factors such as production costs, available resources, technology and market conditions.
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