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American English. Ratona's explanation is excellent: Ratona said: A supplier of goods/merchandise. A provider of care/service. Click to expand... The words are synonyms, but their use is different. A supplier gives material, products, merchandise, while a provider gives service.
Demand is from the consumer's perspective while supply is from the producer's. Supply in economics is defined as the producer's willingness and ability to supply a given good at various price points, holding all else constant. An increase in price will increase producer's revenues, thus they are willing to supply more; a decrease in price will reduce revenues, therefore producers will supply less.