Supply; Technology; Government Policies; Cost of Production (04)

1.Supply

The amount of goods the seller willing to supply at a given price over a given period of time.
Supply is determined by several factors

However when supply increases price will decrease and vice versa.

2.Technology

Improved technology will increase supply and vice versa.


3.Government Policies (tax and subsidize)

Taxes are compulsory payments which should be pay to the government. It is a cost for the organization.When taxes increase supply will decrease because total cost of production increase.
Subsidize are grants given by the government.When subsidize increase cost of product decrease, therefore when subsidize are given suppliers are ready to supply more.

4.Cost of production

This includes rent,wages and salary's, invest, etc. Increasement of cost of production will decrease the production.