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An increase in supply
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terms list
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An increase in supply
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Increase in profit for the firm
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Increase in income for workers
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Increase in jobs as firm hires more people due to increase in production
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More income for the community as firm and workers have more income
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More work for firms that relied on the firm for business
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A decrease in supply
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Loss in profit for the firm
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Loss in income for workers
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Loss of jobs as people are laid off
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Loss of income/profit for other firms in the community as the effect of job losses flow on (The Domino Effect)
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Loss in jobs and profit for firms that relied on the firm for business (The Domino Effect)
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