Determinants of supply

Determinants of supply,

Definition of Determinants of supply:

  1. Elements besides price which determine the available amount of a product or service. Examples of determinants of supply in a business consist of the price of raw material, production costs, taxes and duties, subsidies and any other factor relating to the end supply of a good or service.

How to use Determinants of supply in a sentence?

  1. You need to make sure that you are following the determinants of supply and keeping up with all the changes.
  2. I was in charge of figuring out the determinants of supply and that made me very nervous because I had not been put in charge of anything before.
  3. While starting a small business it is important to consider the determinants of supply to ensure the company has sufficient resources.

Meaning of Determinants of supply & Determinants of supply Definition