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

Production Possibility Curve, How does production possibility curve help so...

How does production possibility curve help solve central problems?

The market system, why is normal rate of return on capital included in the ...

why is normal rate of return on capital included in the total cost and what implication does it have

Natural monopoly, Introduction for a natural monopoly assignment

Introduction for a natural monopoly assignment

Explain how oligopolies can work, Explain how oligopolies can work both for...

Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will

Why a high level of labor force growth is correlated, Why a high level of l...

Why a high level of labor force growth is correlated A high level of labor force growth is correlated--even though less powerfully--with a low level of output per worker. The a

Project, Explain welfare grants and subsidies

Explain welfare grants and subsidies

Objectives of the wto, Objectives of the WTO: The agreement establishi...

Objectives of the WTO: The agreement establishing the WTO reiterates the following objectives of the WTO:  •  Raising standards of living and incomes, ensuring full employm

Current event, Select a news article dated within the previous two months a...

Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class

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