In economics, aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing to sell at a given price level in an economy.
Read more about Aggregate Supply: Analysis, Different Scopes
Famous quotes containing the words aggregate and/or supply:
“We cannot think of a legitimate argument why ... whites and blacks need be affected by the knowledge that an aggregate difference in measured intelligence is genetic instead of environmental.... Given a chance, each clan ... will encounter the world with confidence in its own worth and, most importantly, will be unconcerned about comparing its accomplishments line-by-line with those of any other clan. This is wise ethnocentricism.”
—Richard Herrnstein (1930–1994)
“Friends and contemporaries should supply only the name and date, and leave it to posterity to write the epitaph.”
—Henry David Thoreau (1817–1862)