A determinant of supply refers to any factor that directly influences the quantity of a good or service that suppliers are willing and able to produce. These determinants can cause shifts in the supply curve.
Related terms
Cost of Production: The cost incurred by producers when manufacturing goods or providing services.
Technology: Refers to advancements and innovations in machinery, equipment, and production processes that impact how efficiently goods are produced.
Number of Sellers: The total count of businesses or individuals engaged in supplying a particular good or service.