ABSTRACT
In considering the theory of supply, we adopt a similar approach to that of the previous chapter on the theory of demand and, to some extent, this gives us an intellectual start. We will not, however, fully appreciate the suppliers’ side of the market until we have worked through the next three chapters. Chapters 6, 7 and 8 are particularly significant. Chapter 6 explores the day-to-day relationship of contractors and clients and Chapters 7 and 8 deal with the theory of the firm.
