Surplus- economics, Microeconomics

Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure.

Surplus, Economic: For the economy as a whole, surplus equals the amount of production over and above what is essential for the reproduction of existing economic system (including essential consumption required to reproduce population, and depreciation on existing stock of capital). An economy's aggregate surplus can be consumed (to allow for a standard of consumption higher than mere subsistence, or to finance wasteful projects such as wars or monument-building) or re-invested to expand future production.

Posted Date: 8/26/2013 5:37:12 AM | Location : United States

Related Discussions:- Surplus- economics, Assignment Help, Ask Question on Surplus- economics, Get Answer, Expert's Help, Surplus- economics Discussions

Write discussion on Surplus- economics
Your posts are moderated
Related Questions

Functions of the ADB: ADB finances principally specific projects in the region. It may make loans to or invest in the projects concerned. It may also guarantee loans granted t

What are the differences between the IS-LM model and the Keynesian model?  The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium i

If the average variable cost curve is horizontal, what is the shape of the short-run marginal cost curve? What shape would the short-run average cost curve be?

If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q

Distinction Between Cost and Expenditure As has already been defined, cost is the money equivalent of material and human resources needed to produce a good or a service. Expen

Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.

Cost Function for Savings and Loan Industry * The empirical estimation of long run cost function can be useful in restructuring of the savings and loan industry in wake of savi

Using commodities as an example, explain the factors influencing the PES for such goods. The basic determinants of PES are time span included and the availability of producer s