Technological Change
An innovation dramatically increases the supply of a commodity sending prices tumbling. Heavily indebted producers of the commodity go bankrupt in large numbers resulting in a financial shock.Supply Chain Disruption
A conflict causes disruption to the supply of essential materials, parts, components, energy and products to a nation resulting in a severe decline in economic activity and social turmoil.Political Events
A trade war between two nations escalates and a nation stops supplying an essential component or material to apply pressure to the other side.| Overview: Supply Shock | ||
Type | ||
Definition | A sudden and dramatic change in the supply of a good. | |
Related Concepts | ||
