Supply curve

Supply

Amount that producers are willing to offer for sale a different prices in a given period of time

Supply curve

Line drawn on a graph which shows how much of a good selers are willing to to supply at different prices

Proportionate relationship

When the price goes up, the quantity supplied also goes up and when the prices goes down the quantity supplied goes down

Shift in the supply curve

curve movement to the left or right of the entire supply curve when there is any change in the conditions of supply except the price

Volatile

Changing quickly and suddenly, for example, a volatile market rises and falls without much warning

Ventures

New business activities or projects that involve taking risks

Indirect taxes

Taxes levied on spending, such as VAT

Productivity

Rate at which goods are produced, and the amount produced in relation to the work, time, and money needed to produce them

Consumption

Amount of goods, services, energy, or natural materials used in a particular period of time

Subsidy

Money that is paid by a government or organisation to make prices lower, reduce the cost of roducing goods or providing a service, usuallyto encourage production of a certain good

Yield

Amount of something that is produced, such as crops or oil extracted