Distinguish between stock and supply
Answers
Answer:
STOCK: Stock is the quantity of output which a seller/business has with him and has not yet been brought for sale: where supply is the quantity of output brought from the existing stock of sale at a certain price in the market
Stock:
1) Stock is the total quantity of goods available for sale with a seller at a particular point in time.
2) Stock is the outcome of production.
3) Stock can be increased if production is increased.
4) Stock is generally more than supply.
5) Stock is a static concept and is not expressed in relation to price and time.
Supply:
1) Supply refers to the quantity of goods that a seller is. able and willing to offer for sale at a particular price during a certain period of time.
2) Supply is derived out of stock.
3) Supply can be increased if stock is increased.
4) Supply can be less than or equal to stock. However, it cannot exceed stock.
5) Supply is a flow concept and is always expressed in relation to price and time.
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