Supply Meaning: Definition, Examples, and Translations
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supply
[səˈplaɪ ]
Definitions
Context #1 | Noun
chain of production
The act of providing something that is needed or wanted. It can refer to goods, services, or resources that are necessary for a specific purpose.
Synonyms
Examples of usage
- During the pandemic, there was a shortage of medical supplies.
- The company ensured a steady supply of raw materials for production.
Context #2 | Verb
fulfilling a demand
To make something available to be used or bought. It involves meeting the needs or requirements of a person or situation.
Synonyms
Examples of usage
- The store will supply the new products next week.
- The government supplied emergency aid to the affected areas.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Economics
- In economics, supply refers to the amount of a product that producers are willing to sell at a certain price.
- The Law of Supply states that as the price of a good increases, the supply also usually increases.
- Supply and demand work together; when demand goes up and supply stays the same, prices may rise.
Logistics
- Supply chain management involves overseeing how goods move from one place to another, ensuring efficiency.
- The concept of 'just-in-time supply' minimizes inventory and reduces costs by delivering goods right when they are needed.
- Globalization has greatly expanded supply chains, connecting manufacturers and customers across the world.
History
- During war times, supply lines were crucial for providing troops with necessary equipment and food.
- The Great Depression highlighted the need for effective supply management as many industries struggled to meet needs.
- The development of the steam engine allowed for faster transportation of supplies, transforming trade in the 18th and 19th centuries.
Psychology
- The concept of supply can also relate to meeting psychological needs, like providing emotional support.
- In relationships, the supply of affection and attention plays a crucial role in bonding and connection.
- A feeling of scarcity can influence behavior, making people take action to ensure their needs are supplied.
Origin of 'supply'
Main points about word origin
- The word comes from the Latin 'supplicare', meaning 'to supply or offer'.
- It evolved through Old French 'supleer', which also means 'to fill or complete'.
- ‘Supply’ has been used in English since the 14th century, showing its long-standing importance.
The word 'supply' originated from the Old French word 'supplier', which means 'to provide'. It has been used in the English language since the 14th century. The concept of supply has always been essential in economies, trade, and daily life, ensuring the availability of necessary goods and services.