Distinguish between stock and supply (2points)
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Stock is the total quantity of goods available for sale with a seller at a particular point in time. 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. Stock is the outcome of production. Supply is derived out of stock.
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Supply refers to that quantity of the commodity which is actually brought into the market fore sale at a given price per unit of time.
While Stock is meant the total quantity of a commodity this exists in a market and can be offered for sale at a short notice.
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