SUPPLY

Etymology

The word 'supply' originates from the Latin word 'supplere,' meaning 'to fill up.'

Definition

Supply refers to the quantity or amount of a commodity needed or available. It involves providing something that is wanted or needed, often in large quantities and over a long period.

Historical Context

Throughout history, the concept of supply has been crucial for the functioning of economies and societies. The ability to meet the demand for goods and services has been a determining factor in the success of civilizations.

Cultural Significance

Supply plays a vital role in various cultures, influencing trade, production, and distribution of goods. It is often associated with concepts of abundance, scarcity, and resource management.

Related Concepts

• Demand: The desire for a particular commodity or service
• Logistics: The detailed coordination of a complex operation involving many people, facilities, or supplies

See Also

• Economics
• Distribution
• Inventory management