Aggregate Supply

In economics, aggregate supply or domestic final supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing and able to sell at a given price level in an economy. 

Aggregate Supply can be defined as the total amount of goods and services that are produced and supplied by an economy. Aggregate supply represents the positive relationship between the aggregate price level and the level output. The output for Aggregate supply includes all consumer, public, capital, and traded goods.