Abstract
The term ‘offer’ has typically been used to refer to offers for sale from given stocks. The flow of commodities from a production process is typically labelled ‘supply’. The distinction is not purely semantic, but bears upon differences in price determination – as between the attainment of equilibrium in the market for a stock, and the balance of supply and demand in production.
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Bibliography
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Eatwell, J. (2018). Offer. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1282
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1282
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