Supply
From Free net encyclopedia
Supply has a number of meanings:
- In economics, supply is the aggregate amount of any material good that can be called into being at a certain price point; it one half of the equation of supply and demand. In classical economic theory, a curve representing supply is one of the factors that produce price.
- In the Westminster System, supply refers to the annual budget for the government. Failure of the supply bill is the equivalent of the failure of a Motion of Confidence and causes new elections and the potential selection of a new Prime Minister: see appropriation bill, loss of supply.
- In military affairs, supplies are the matériel which a military unit needs to fulfil its mission.
supply chain management is the mustering of the materials needed for a business enterprise to function.
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