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May 31, 2024 · Producer surplus is an economic measure of the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good. The difference, or ...
4 meanings: 1. a quantity or amount in excess of what is required 2. accounting a. an excess of total assets over total.... Click for more definitions.
Surplus definition: something that remains above what is used or needed.. See examples of SURPLUS used in a sentence.
The term surplus in the context of consumer, producer or community surplus should not be confused with the term surplus learned in earlier units. When the quantity supplied in a market exceeds the quantity demanded, we say there is a surplus in the market. This excess supply is undesirable and represents an overproduction of a good.
2 the amount by which the amount of money received is greater than the amount of money spent a trade surplus of $400 million The balance of payments was in surplus last year (= the value of exports was greater than the value of imports). Topic Collocations International Relations trade. facilitate/regulate trade (with other countries) form/join ...
SURPLUS definition: an amount of something that is more than you need: . Learn more.
Nov 5, 2021 · Definition. A surplus occurs when the amount of a good or assets exceeds the quantity actively used. If a firm supplies one 1,000 Christmas Trees, but there is demand for only 400, then it will have a surplus of 600 unsold Christmas Trees. If the price was stuck at P2, the supply (Q3) would be greater than demand (Q2) causing a surplus.
