any process affecting the production and development and management of material wealth

the ability and desire to purchase goods and services

circulate or distribute or equip with

the total supply of goods and services that firms in a national economy plan on selling during a specific time period.

a situation in which any change in the price of a given good does not equal a corresponding change in its supply.

a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.

a market situation in which even a minuscule decrease in the price of a good or service drops the supply for the good or service to zero.

the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate.