What supply means
What supply means
Supply is the quantity of a good or service that producers are willing and able to sell at a given price in a given time period. A business may own stock, but that stock only counts as supply if the business is prepared and able to sell it.
Step-by-step lessons covering OCR GCSE Economics Supply for GCSE Economics. Each lesson works through exam-style questions in Component 01 and Component 02 format. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.