Factors Affecting Supply
What Factors affect Market Supply?
Written by J. Mance Gordon
Updated at April 23rd, 2024
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What Affects Supply?
Supply is made up of what producers bring into the market for consumers to purchase. As such, numerous factor can affect the supply or amount of production.
The factors of production known to shift the supply curve include:
- Production costs
- Natural conditions for production
- Technology
- Taxes and Regulations
Related Topics
- Self Interest
- Cost-Benefit Analysis
- Enlightened Self-Interest
- Fisher's Separation Theorem
- Ratchet Effect
- Total Utility (Economics)
- Efficiency Principle
- Expected Utility
- Subjective Theory of Value
- Positional Goods
- Utilitarianism
- Indifference Curve
- Time Preference Theory of Interest
- Incentives
- Marginal Benefit
- Diminishing Marginal Utility
- Sunk Costs
- Production Possibilities Frontier
- Law of Diminishing Returns
- Economic Efficiency
- Efficiency Theory
- Productive Efficiency
- Capacity Utilization Rate
- Allocative Efficiency
- Pareto Efficient
- Comparative Advantage
- Criticisms of the Economic Approach
- Behavioral Economics
- Normative Economics
- Positive Economics
- Invisible Hand
- Sunk cost