Question
Distinguish between stock and supply.
| S.No. |
Basis
|
Stock
|
Supply
|
| 1. | Meaning |
Stock refers to total quantity of a particular commodity that is available with the firm at a particular point of time.
|
Supply refers to the quantity of a commodity that a firm is willing and able to offer for sale, at each possible price during a given period of time.
|
| 2. |
Nature
|
It is static in nature.
|
It is Dynamic in nature.
|
| 3. |
Greater/ Smaller
|
Stock can never be less than supply
|
Supply can be equal or smaller than stock.
|
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| Units of Variable Factors | 1 | 2 | 3 | 4 | 5 |
| AP (units) | 20 | 24 | 28 | 29 | 28 |