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LAW OF SUPPLY: The direct relationship between supply price and the quantity supplied, ceteris paribus. This fundamental economic principle indicates that as the price of a commodity increases, then the quantity of the commodity that sellers are able and willing to sell in a given period of time, if other factors are held constant, also increases. This law, while not quite as iron-clad as the law of demand, is quite important to the study of markets.
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SPOT: The sale of a commodity for immediately delivery on the "spot." Most stuff that consumers purchase are what we could call spot transactions. You give the store some money and go home with your purchase. Much buying and selling in financial markets is also of the spot transaction variety. For example, you give your stock broker $100,000 and "take home" 2,000 shares of Omni Conglomerate, Inc. stock. To appreciate why it's necessary to have a name for these sorts of transactions, you need to examine futures. See also | financial markets | broker | corporate stock | futures | hedging | speculation |
Recommended Citation:SPOT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: July 10, 2025].
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MONOPOLISTIC COMPETITION, ADVERTISING Advertising is commonly used by firms operating under monopolistic competition as a way to create product differentiation and thus to acquire some degree of market control and thus charge a higher price.
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GREEN LOGIGUIN
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Today, you are likely to spend a great deal of time at a going out of business sale looking to buy either a coffee cup commemorating the first day of spring or a printer that works with your stockpile of ink cartridges. Be on the lookout for slow moving vehicles with darkened windows.
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Potato chips were invented in 1853 by a irritated chef repeatedly seeking to appease the hard to please Cornelius Vanderbilt who demanded french fried potatoes that were thinner and crisper than normal.
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"Lord, where we are wrong, make us willing to change; where we are right, make us easy to live with. " -- Peter Marshall, US Senate chaplain
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IRS
Internal Revenue Service
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