Final answer:
Market anticipated entities willing and able to sell goods, services, or resources are known as suppliers. They contribute to the market's supply and help determine the equilibrium price. The concept of suppliers is fundamental in various markets, including labor and financial services, where different entities act as suppliers and demanders.
Step-by-step explanation:
The entities that are market anticipated who are willing and able to sell goods, services, or resources are known as suppliers. In economic terms, suppliers offer the total amount of goods and services - known as the supply - for sale at various prices. This concept is crucial in understanding how markets operate. For example, businesses produce products and offer them for sale, acting as suppliers, while households and other entities purchase these goods, acting as the demand side.
Suppliers, along with demanders, help to determine the equilibrium price in the market, which is the price where the quantity of goods and services supplied matches the quantity demanded. In environments of pure competition, many suppliers offer identical products and compete to attract buyers. If prices rise too high, new suppliers may enter the market to offer lower prices, helping to balance the market.
In both labor and financial service markets, different entities act as suppliers and demanders. For instance, in labor markets, job seekers supply labor, and firms demand it. In financial markets, savers supply money, and borrowers demand it.