Supply

Supply in economics is defined as the total amount of a given product or service a supplier offers to consumers at a given period and a given price level. It is usually determined by market movement. For instance, a higher demand may push a supplier to increase supply.

In economics, supply is the number of goods an individual or business provides to the market – which refers to the amount they produce at a specific point in time. For example, if Apple manufactures 100 iPhones, then this is the supply that is brought to the market.