Factors affecting supply of a commodity. 12 Factors Determining The Supply Of A Commodity 2023-01-02
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Diktat is a German word that means "dictation" or "dictatorship." It is often used to refer to the harsh terms imposed on a defeated country by the victors in a war. In the context of Germany, the term diktat is most commonly associated with the Treaty of Versailles, which was signed at the end of World War I in 1919.
The Treaty of Versailles was a peace treaty between the Allied Powers (led by France, the United Kingdom, and the United States) and Germany. It was meant to bring an end to the war and to establish the terms under which the defeated Germany would be forced to pay reparations to the Allied Powers. The treaty also imposed severe limitations on Germany's military and territorial expansion.
Many Germans viewed the Treaty of Versailles as a diktat, or dictate, because they felt that the terms were imposed on them by the victorious Allies without any input from the German government or people. The treaty was seen as extremely harsh and punitive, and many Germans felt that their country had been humiliated and treated unfairly.
The resentment and anger that many Germans felt towards the Treaty of Versailles played a significant role in the rise of Adolf Hitler and the Nazi Party in the 1920s and 1930s. Hitler and the Nazis promised to restore Germany's honor and power, and they used the treaty as a rallying cry to mobilize support for their cause. Hitler came to power in 1933, and he quickly set about tearing up the Treaty of Versailles and rebuilding the German military. This ultimately led to World War II, which ended with the defeat of Germany and the imposition of another set of harsh terms in the form of the Potsdam Agreement.
In conclusion, the term diktat is closely associated with the Treaty of Versailles and its impact on Germany following World War I. Many Germans saw the treaty as a dictate imposed on them by the victorious Allies, and the resentment and anger that it generated played a significant role in the rise of the Nazi Party and the outbreak of World War II.
8 Factors Influencing the Demand of a Commodity
Overall, pricing is the most important element affecting a product's availability. The commodities, which are not perishÂable, can be held back if prices are not favourable. A good transport system helps increasing the supply. Definition of Supply: According to J. Natural factors: Natural calamities like flood, drought and cyclone reduce the supply of a commodity.
Factors Affecting Supply of Commodity and blog.sigma-systems.com
The supply of an item is influenced by various factors that include price, cost and techniques of production, weather conditions and government policies. This is the most important aspect that determines a product's supply. This hormone is protein in nature and it is transported through blood from the site of release to the site of action. On the other hand, if the tax rate is low, then the supply of a product would increase. The reason being he would wait for better rates for his product. The reduced profits brought about by increase in cost of production will prompt producers to offer less in quantity of a particular commodity. If the factors are available in sufficient quantity and at lower price, then there would be increase in production.
Factors affecting the supply of commodities (Economics)
If a seller expects the price to rise in the future, he will withÂhold his stock at present and so there will be less supply now. Internal peace and stability: Existence of internal peace and stability will increase the production and supply of a good. I don't know who has invoiced for more human being forcing the production to put at the war footing! Generally, the supply of a product depends on its price and cost of production. The supply of a product and cost of production are inversely related to each other. An increase in the cost of inputs may cause a fall in the supply. A change in the prices of such commodities affects the changes in the consumption of its substitutes. What are the determinants of supply? On the contrary, tax concessions encourage producers to increase supply.
This decreases the profitability. Advance in technology and science are the most powerful forces influencing productivity of the factors of production. Hence supply will increase. Or A supply function shows the functional relationship between the quantity supplied and the factors on which supply depends on. Further, if the stock of goods can be easily stored its supply would be relatively elastic and vice-versa. This may cause the majority of the items to be damaged throughout the travel, resulting in a significant loss for the vendor.
Supply of a Commodity: Meaning, Factors Affecting and Types
INDIVIDUAL SUPPLY FUNCTION Individual supply function refers to the functional relationship between individual supply and the factors affecting individual supply. It expresses the price of a certain commodity as a function of the quantity supplied. Read also Where: P- Price Q- quantity demanded Increase in demand is indicated by an upward move up the demand curve while a decrease in demand is indicated by a downward move down the demand curve. It happens because at higher prices, there are greater chances of making profit. Whereas the demand in the tropical countries for cotton textiles, umbrellas, rain coats, etc. The inputs in production include raw materials such as labor, utilities, licensing fees etcetera.
11 essential Factors influencing the supply of a commodity
Population size and composition Increase in population lead to increasing the demand level. Read also Price of Commodity An elevation in the price of the product leads to rise in the amount supplied in the market. If there is inferior infrastructure for transportation, supply gets reduced. Economic Factors affecting the supply of commodities Supply may be best termed as the quantity that suppliers wish to avail of the market at a given price. Factors Affecting Supply : There are a number of factors influencing the supply of a commodity. Price of related goods: Supply of a commodity is also determined by the prices of related goods.
6 Factors Affecting the Supply of a Commodity (Individual Supply)
Cost of Production: ADVERTISEMENTS: Implies that the supply of a product would decrease with increase in the cost of production and vice versa. The purpose of using oxytocin injection in their animals by the farmers is to get more milk and hence, to get more profit after selling more milk to people but they don't know its harmful effects on animals. In case the consumers anticipate the increase in price of a given commodity, people will buy the product in bulk above average purchases in order to evade buying the commodity in the future at a higher price. Non-price factors These factors are represented by a shift in the supply curve. With the exit of producers, the supply would decrease. Again increase in the size of population also affects the composition of population.
SUPPLY AND ITS DETERMINANTS/FACTORS AFFECTING SUPPLY
The supply function formula can help firms establish the relation between price and commodity. It denotes the direct relationship between the quantity supplied of a commodity and the corresponding price. Especially the prices of commodity items are sky-rocketing. There would be an increase in output if the factors were accessible in adequate quantity and at a reduced price. Natural Conditions: ADVERTISEMENTS: The supply of some commodities, such as agricultural products depends on the natural environment or climatic conditions like—rainfall, temperature etc.
As the term goes, the inverse supply function is contrary to the direct function. Factor Prices and their Availability: Act as one of the major determinant of supply. Many consumers of the product will fill their tanks with petrol in order to avoid purchasing gasoline in the future at a high price. For example, a change in the price of tea will change the consumption of coffee. During droughts, however, the availability of these goods declines. Technically, the law of supply states that other factors remaining constant, the quantity of a good produced and offered for sale would increase with an increase in its price and decrease as the price falls.
If the price of a product increases, then the supply of the product also increases and vice versa. Must check: To sum up our discussion, these 10 conditions prove to be huge determinants in terms of supply of a product. The point above the equilibrium point indicates an excessive amount from the side of the suppliers while the point below the equilibrium point shows excessive demand from the side of the consumers. Natural calamities: Natural calamities also influence supply of goods. What are the 6 factors that affect supply quizlet? Communications : The nature of communications determine the supply of a commodity.
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