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GSA is an independent agency established in 1949 to manage federal agencies. Agency employs about 12,000 federal workers with $33 billion annual budget. Manages $500 billion in federal property and 215,000 vehicle fleet
Supply represents the amount of resources firms and producers are willing to provide. Supply curves show quantity supplied versus price on a horizontal axis. Supply can be for individual sellers or the market as a whole
Shortage occurs when demand exceeds supply at market price. Market equilibrium is restored through product replenishment. Shortages differ from scarcity, which is systemic and cannot be resolved
Supply describes total amount of goods available to consumers. Supply curve shows relationship between price and quantity. Supply increases as price rises due to profit maximization
NAMSA was established in 1958 as NATO's primary logistics support agency. Based in Capellen, Luxembourg with operational center in Taranto, Italy. Managed by Board of Directors reporting to North Atlantic Council