- DIFFERENCE BETWEEN SUPPLY AND STOCK
- MEANING OF SUPPLY
- SUPPLY MEANS THE AMOUNT OFFERED FOR SALE AT GIVEN PRICE DURING CERTAIN
PERIOD OF TIME
- THOMAS,” THE SUPPLY OF GOODS IS THE QUANTITY OFFERED FOR SALE IN A
GIVEN MARKET AT GIVEN TIME AT VARIOUS PRICES.
- STOCK
- STOCK IS THE
TOTAL VOLUME OF A COMMODITY IN EXISTENCE WHICH IS KEPT READY IN GODOWNS AT
CERTAIN TIME
- TOTAL AMOUNT OF
A COMMODITY WHICH CAN BE BROUGHT INTO THE MARKET FOR SALE AT SHORT NOTICE
- NOT NECESSARY
ALL THE STOCK OF A COMMODITY IS BEING OFFERED FOR SALE
- SUPPLY MEANS
THE ACTUAL QUANTITY WHICH IS ACTUALLY BROUGHT IN THE MARKET FOR SALE
- STOCK AND SUPPLY
1.
STOCK IS THE QUANTITY THAT WOULD BE SOLD
2.
SUPPLY IS THE QUANTITY THAT WOULD BE SOLD AT A
GIVEN PRICE
3.
IF THE PRICE IS LOW,THE PRODUCER WOULD OFFER
LESS FOR SALE AND KEEP MORE IN STOCK
4.
IF THE PRICES ARE HIGH PRODUCERS WOULD DRAW
MORE STOCKS AND OFFER MORE QUANTITY FOR SALE
- EXAMPLE
- IN A MARKET ON A PARTICULAR DAY AND A PARTICULAR TIME 1000 QUNITALS OF
RICE ARE OFFERED FOR SALE AT 500 PER QUNITAL IS THE SUPPLY OF RICE ON THAT
PRICE
- BUT THERE MIGHT BE A STOCK OF 10,000 QUINTALS OF RICE AT WHAT TIME
OUT ONLY 1000 QUNITALS IS OFFERED
- STOCK VS SUPPLY
- SUPPLY AND STOCK ARE TWO DIFFERENT THINGS
- IN CASE OF PERISHABLE GOODS LIKE FISH AND FRUITS,ICE AND MILK,FLOWERS
AND VEGETABLES SUPPLY AND STOCKS ARE ALWAYS EQUAL
- THE WHOLE QUANTITY IS OFFERED FOR
SALE
- DURABLE GOODS : SUPPLY WILL BE DIFFERENT FROM STOCK’
- BECAUSE DURABLE GOODS CAN BE STORED WITHOUT ANY LOSS OF UTILITY
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