S.P.

ECONOMICS AND MANAGEMENT

LEVEL TWO

ENGLISH FOR ECONOMISTS

THEME : SUPPLY GROUP : 16

PRESENTED BY:

NAME REGISTRATION No
FEKWE TCHEOMBE FERDINAND 17A066EG
FILINA GOULDANG MARCEL 17A412EG
FIMANOUTOUSSOUMNA CELINE 17A071EG
FOUMANE BIVIA FABRICE 17A072EG
FOURIDA AYINNA ORTCHANG 17A224EG
GABNOTA TAIPHABE HONNET 17A117EG
GANKAWA BELLO 17A064EG
GARE DJON’YAHBO ISAAC 16A253EG
GARGA AS-NGRAM MARIE LUISE 17A053EG
GARGA HAMANDJODA 17A367EG

Course facilitator : EYONG-TIKU EE

School year 2018-2019

 DEFINITION

For Roger Guesnerie the theory of the offer is an old intuition, its
formalization begins in 1838 when Augustin Cournot introduces the demand
curve. Later, Alfred Marshall introduced a supply curve representing the offer
according to price. So supply is defined as the total amount of a given product
or service that is available for purchase at a set price. And she is the willingness
and ability of producers to create goods and services to take them to market.
Supply is positively related to price given that at higher price there is an
incentive to supply more as higher price may generate increased revenue and
profits. This core component of economics may seem vague, but you can find
examples of supply in everyday life.

I-ORIGIN OF SUPPLY

In this part, we can’t talk the supply without talk the demand. So the origin
of Supply is the demand and we can go explain like this by the law of supply.
The law of supply states that assuming all else is held constant, the quantity
supplied for a good rise as the price rises. In other words, the quantity demand
and the price is positively related. The relationship between supply and
demand can be illustrated like this.

Supply Demand Price

Constant Rises Rises

Constant Falls Falls
Increases Constant Falls
Decreases Constant Increases

School year: 2018-2019

 II-CHARACTERISTICS OF SUPPLY

In economics the characteristics of the offer are:

 The price of the product or service

 The price of related goods or services
 The prices of production factors
 The price of inputs
 The number of production units
 Production technology
The price may be explain by the buyers who want to pay as possible for
a good or service, while producers want to maximize profit by charging
as much as possible. When supply and demand are balanced, price tends
to be stable.

CONCLUSION
Whatever the proposed global offer (product, associated service,
etc…) it must not only be adapted to the targets but also be consistent
components. Indeed, the tangible and intangible components of the
offer that gives it an image, a notoriety, a symbolic value and a financial
value must favor a positive perception in order to increase the
effectiveness of the psychosociological and behavioral springs of
demand.

Reference
 Analysis by economics(in econometrics)
 Function of economic analysis(in economics : the marginalized)

School year 2018-2019