Joint Supply

Dictionary Says

Definition of 'Joint Supply '

An economic term referring to a product or process that can yield two or more outputs. Common examples occur within the livestock industry: cows can be utilized for milk, beef and hide; sheep can be utilized for meat, wool and sheepskin. If the supply of cows increases, so will the supply of dairy and beef products.
Investopedia Says

Investopedia explains 'Joint Supply '

Where joint supply exists, the supply and demand for each product is linked to the others originating from the same source. For example, if demand increases for wool, and sheep farmers therefore raise more animals for wool, there will eventually be increased sheep meat production, resulting in greater meat supply and potentially lower prices.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Law Of Supply And Demand

    A theory ...
  2. Economics

    A social science ...
  3. Microeconomics

    The branch of ...
  4. Macroeconomics

    The field of ...
  5. Theory Of Price

    An economic ...
  6. Monopoly

    A situation in ...
  7. Prisoner's Dilemma

    A paradox in ...
  8. Economic Profit (Or Loss)

    The difference ...
  9. Minimum Wage

    The minimum ...
  10. Sticky Wage Theory

    An economic ...

Articles Of Interest

  1. The Roles Of Traders And Investors In The Marketplace

    Discover how these two groups work together to keep the market functioning properly.
  2. Economics Basics: Demand and Supply

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
  3. Cost-Push Inflation Versus Demand-Pull Inflation

    Gain a deeper understanding of aggregate supply and demand, forces which raise the price of goods and services.
  4. Is Growth Always A Good Thing?

    Getting big quickly looks good, but companies can get into trouble when they do it too fast. Find out how to spot this trouble.
  5. The Impact Unpaid Internships Have On The Labor Market

    The dramatic increase in unpaid internships has given rise to favorable and unfavorable arguments based on their impact on the students/interns, the labor force and the economy as a whole.
  6. A Primer On Inflation

    Inflation has a negative connotation, but is it all bad or does it offer some tangible benefits?
  7. The Uncertainty Of Economics: Exploring The Dismal Science

    Learning about the study of economics can help you understand why you face contradictions in the market.
  8. Understanding Interest Rates, Inflation And The Bond Market

    Get to know the relationships that determine a bond's price and its payout.
  9. A Silver Primer

    Find out what affects the price of silver, the types of investments that can be made and the methods in which it is traded.
  10. The Greatest Currency Trades Ever Made

    These speculators took big positions - and scored huge profits - in the currency market.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center