Definition of Supply and demand. Meaning of Supply and demand. Synonyms of Supply and demand

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Definition of Supply and demand

Supply and demand
Supply Sup*ply", n.; pl. Supplies. 1. The act of supplying; supplial. --A. Tucker. 2. That which supplies a want; sufficiency of things for use or want. Specifically: (a) Auxiliary troops or re["e]nforcements. ``My promised supply of horsemen.' --Shak. (b) The food, and the like, which meets the daily necessities of an army or other large body of men; store; -- used chiefly in the plural; as, the army was discontented for lack of supplies. (c) An amount of money provided, as by Parliament or Congress, to meet the annual national expenditures; generally in the plural; as, to vote supplies. (d) A person who fills a place for a time; one who supplies the place of another; a substitute; esp., a clergyman who supplies a vacant pulpit. Stated supply (Eccl.), a clergyman employed to supply a pulpit for a definite time, but not settled as a pastor. [U.S.] Supply and demand. (Polit. Econ.) ``Demand means the quantity of a given article which would be taken at a given price. Supply means the quantity of that article which could be had at that price.' --F. A. Walker.

Meaning of Supply and demand from wikipedia

- In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive...
- See also Capitalism#Supply and demand. Supply and Demand may also refer to: Supply and Demand (Dagmar Krause album) Supply and Demand (Amos Lee album) or...
- worldwide logistics, synchronising supply with demand and measuring performance globally". This can include the movement and storage of raw materials, work-in-process...
- The AD–AS or aggregate demand–aggregate supply model (also known as the aggregate supply–aggregate demand or AS–AD model) is a widely used macroeconomic...
- were used to build his ideas of supply and demand. In his 1870 essay "On the Graphical Representation of Supply and Demand", Fleeming Jenkin in the course...
- cannot supply all the labor they want to supply, then the amount that they are able to supply will influence their demand for goods; the demand for goods...
- actually a complex and dynamic supply and demand network. As part of their efforts to demonstrate ethical practices, many large companies and global brands...
- of supply and demand usually ****umes that markets are perfectly competitive. This implies that there are many buyers and sellers in the market and none...
- downward sloping by definition of the law of demand. The law of demand also works together with the law of supply to determine the efficient allocation of...
- of economics. On a standard supply and demand diagram, consumer surplus is the area (triangular if the supply and demand curves are linear) above the...