Surplus- economics, Microeconomics

Assignment Help:

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.


Related Discussions:- Surplus- economics

Wealth, Wealth: This is a stock of accumulated purchasing power stored up...

Wealth: This is a stock of accumulated purchasing power stored up from the past. For example, if you have a fat savings account accumulated from your past earnings, your curre

Joy Land Toys, I need help with a question that has been posted on here alr...

I need help with a question that has been posted on here already.

Balance of payments and problem of deficits, BALANCE OF PAYMENTS AND PROBLE...

BALANCE OF PAYMENTS AND PROBLEM OF DEFICITS: The principal tool for the analysis of the monetary aspects of international trade is the balance of international payments set

Explain and illustrate the concept of opportunity cost, Question 1: (a)...

Question 1: (a) Discuss the adjustment to an increase in demand for a perfectly competitive market in the: (i) Short run (ii) Long run (b) How would the same industry

Market, describe engineering cost theory in detail

describe engineering cost theory in detail

PPC, how to find opportunity cost on PPc

how to find opportunity cost on PPc

Diffrence between price and income elasticity of demand, Diffrence between ...

Diffrence between price and Income elasticity of demand: Own price elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to a change in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd