SURPLUS Definition Meaning - Merriam-Webster : the excess of a corporation's net worth over the par or stated value of its stock When the sea captains returned, they would sell their surplus wares on the wharves Carol Vogel
Understanding Surplus: Definition, Types, and Economic Impact There are two types of economic surplus: consumer surplus and producer surplus They are mutually exclusive, meaning what's good for one is bad for the other Consumer Surplus: A consumer
Surplus Explained: How It Works, Types, and Examples Surpluses occur when the supply of goods or services exceeds demand, causing inefficiencies in the market These inefficiencies can lead to financial losses, as surplus goods may remain unsold or need to be discounted to attract buyers
Surplus - Definition, causes and effects - Economics Help In a free market, we would expect a surplus to be solved by cutting prices – leading to lower demand and less incentive to supply However, prices may be rigid and not fall because of difficulties or unwillingness to cut prices
Surpluses - definition of surpluses by The Free Dictionary Define surpluses surpluses synonyms, surpluses pronunciation, surpluses translation, English dictionary definition of surpluses adj Being more than or in excess of what is needed or required: surplus grain
SURPLUS definition and meaning | Collins English Dictionary If there is a surplus of something, there is more than is needed Surplus is used to describe something that is extra or that is more than is needed Few people have large sums of surplus cash I sell my surplus birds to a local pet shop The houses are being sold because they are surplus to requirements
Economic surplus - Wikipedia In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be willing to pay