oboloo Glossary

Increase In Supply Curve

oboloo Glossary

Increase In Supply Curve

Increasing the supply curve is a business term synonymous with expanding production. It refers to the concept of businesses producing more products or services in response to higher demand, or to create larger stockpiles of goods or services. This increase in supply can be done in a variety of ways, from raising prices and increasing production capacity, to offering discounts and new promotions. By increasing their supply, companies give customers more options and allow them to stay competitive. All these strategies drive up sales and help businesses remain successful in an ever-changing economy.