theory of supply
the body of theory concerned with the determinants of the market SUPPLY of GOODS and SERVICES, and the effects of market supply (together with market demand) on the prices and quantities transacted of particular goods and services. See SUPPLY FUNCTION, SUPPLY CURVE, SUPPLY CURVE ( SHIFT IN), MARGINAL PHYSICAL PRODUCT, COST FUNCTION, MARGINAL REVENUE PRODUCT, DIMINISHING RETURNS, ECONOMIES OF SCALE, ELASTICITY OF SUPPLY, EQUILIBRIUM MARKET PRICE, TOTAL COST, MARGINAL COST, PROFIT MAXIMIZATION, THEORY OF THE FIRM, THEORY OF MARKETS, PRICE SYSTEM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005