Question

Explain with reasons whether you 'agree' or 'disagree' with the following statement:
There is no difference between stock and supply.

Answer 1

Stock and supply are different.

Stock refers to entire quantity of a commodity which is in the custody of the seller. So it is the potential supply.

Supply refers to the quantity of a commodity offered for sale at a given price and at a given time and place. Thus, supply is a flow concept.