supply and demand

1 definition found

supply and demand - Collaborative International Dictionary of English v.0.48 :

  Supply \Sup*ply"\, n.; pl. Supplies.
     1. The act of supplying; supplial. --A. Tucker.
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     2. That which supplies a want; sufficiency of things for use
        or want. Specifically: 
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        (a) Auxiliary troops or reenforcements. "My promised
            supply of horsemen." --Shak.
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        (b) The food, and the like, which meets the daily
            necessities of an army or other large body of men;
            store; -- used chiefly in the plural; as, the army was
            discontented for lack of supplies.
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        (c) An amount of money provided, as by Parliament or
            Congress, to meet the annual national expenditures;
            generally in the plural; as, to vote supplies.
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        (d) A person who fills a place for a time; one who
            supplies the place of another; a substitute; esp., a
            clergyman who supplies a vacant pulpit.
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     Stated supply (Eccl.), a clergyman employed to supply a
        pulpit for a definite time, but not settled as a pastor.
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     Supply and demand. (Polit. Econ.) "Demand means the
        quantity of a given article which would be taken at a
        given price. Supply means the quantity of that article
        which could be had at that price." --F. A. Walker.
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