What Does Surplus Mean?


2 Answers

d ds Profile
d ds answered
Surplus can have following meanings:
he amount that remains when use or need is satisfied,
n excess of receipts over disbursements [or] the excess of a corporation's net worth over the par or stated value of its stock,

Profits remaining after subtracting for operating expenses, taxes, interest and insurance.
A surplus is the opposite of a deficit. When a country exports more then it imports, it is said to have a trade surplus.
The primary budget surplus (or deficit) of a government is the surplus excluding interest payments on its outstanding debt.
Also visit following Blurtit questions that will help you understand more of Surplus:
When Is There A Surplus Of A Good And A Shortage?
What is Surplus Value?
What is the meaning of the term 'consumer surplus'?
Explain the concept of consumer surplus?
What Is Payment Balance And How Can It Experience Surplus Or Deficit?
Explain The Concepts Of Consumer Surplus In Micro Economics, Can You Help?
Ally Profile
Ally answered
Surplus labour is a concept used by Karl Marx in his critique of political economy, The historical emergence of surplus labour is, according to Marx, also closely associated with the growth of trade (the economic exchange of goods and services) and with the emergence of a society divided into social classes. As soon as a permanent surplus product can be produced, the moral-political question arises as to how it should be distributed, and for whose benefit surplus-labour should be performed. The strong defeat the weak, and it becomes possible for a social elite to gain control over the surplus-labour and surplus product of the working population; they can live off the labour of others.

Answer Question