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 think of religion as the symbolic expression of our highest moral ideals; we think of magic as a crude aggregate of superstitions. Religious belief seems to become mere superstitious credulity if we admit any relationship with magic. On the other hand our anthropological and ethnographical material makes it extremely difficult to separate the two fields.”
—Ernst Cassirer (1874–1945)
“Friends and contemporaries should supply only the name and date, and leave it to posterity to write the epitaph.”
—Henry David Thoreau (1817–1862)