Supply

Supply may refer to:

Supply (economics)

In economics, supply is the amount of something that firms, consumers, laborers, providers of financial assets, or other economic agents are willing to provide to the marketplace. Supply is often plotted graphically with the quantity provided (the dependent variable) plotted horizontally and the price (the independent variable) plotted vertically.

In the goods market, supply is the amount of a product per unit of time that producers are willing to sell at various given prices when all other factors are held constant. In the labor market, the supply of labor is the amount of time per week, month, or year that individuals are willing to spend working, as a function of the wage rate. In the financial markets, the money supply is the amount of highly liquid assets available in the money market, which is either determined or influenced by a country's monetary authority.

The remainder of this article focuses on the supply of goods.

Supply schedule

A supply schedule is a table which shows how much one or more firms will be willing to supply at particular prices under the existing circumstances. Some of the more important factors affecting supply are the good's own price, the prices of related goods, production costs, technology and expectations of sellers.

Money bill

In the Westminster system (and, colloquially, in the United States), a money bill or supply bill is a bill that solely concerns taxation or government spending (also known as appropriation of money), as opposed to changes in public law.

Conventions

It is often a constitutional convention that the upper house may not block supply. There is often another requirement that non-money bill type clauses may not be attached to a money bill.

Loss of supply in the lower house is conventionally considered to be an expression of the house's loss of confidence in the government resulting in the government's fall.

Requirements in Westminster Systems

Australia

A supply bill in the Australian System is required to pass the House of Representatives, the Senate and be signed by the Governor-General. The Senate has no power or ability to introduce or modify a supply bill, but has the ability to block or defer the passing of a supply bill. The most famous instance where supply was blocked was during the 1975 constitutional crisis. This has resulted in agreements between political parties to prevent the blockage of supply bills through the Senate.

Currency

A currency (from Middle English: curraunt, "in circulation", from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, British pounds, U.S. dollars, and European euros are examples of currency. These various currencies are recognized stores of value, and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value. Digital currency has arisen with the popularity of computers and the Internet.

Currency (disambiguation)

Currency in economics may refer to:

Currency may also refer to:

See also

Fictional universe of Harry Potter

The fictional universe of J. K. Rowling's Harry Potter series of fantasy novels comprises two distinct societies: the wizarding world and the Muggle world. The Muggle World is the series' name for the world inhabited by the non-magical majority, with which the wizarding world exists coextensively, albeit mostly remaining hidden from the non-magical humans. The plot of the series is set in 1990s Britain, but in a veiled and separate shadow society wherein magic is commonly used and practiced, and those who can use it live in self-enforced seclusion, hiding their abilities from the rest of the world. The term "wizarding world" refers to the global wizard community that lives hidden in parallel with the Muggle world; the different terms refer to different communities within the same area rather than separate planets or worlds.

Fundamentals

The entire Harry Potter series is set from 1991 to 1998 aside from the opening chapter of the first book, which takes place on 1 November 1981, and the epilogue of the seventh book, which takes place on 1 September 2017. The depiction of the wizarding world is centred on magic, which not only imbues objects such as wands, but is portrayed as an inborn ability. It is also centred on the separation of the wizarding world from the non-wizarding, or Muggle world. Despite being an inherent talent, magic is honed through study and training into a skill.