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Aug 29, 2023 · A surplus describes a level of an asset that exceeds the portion used. An inventory surplus occurs when products remain unsold. Budgetary surpluses occur when income earned...
the amount of money you have left when you sell more than you buy, or spend less than you own: a budget / trade surplus. Fortunately the company's bank account is currently in surplus. Fewer examples. A surplus of corn has helped depress the grain market. The chemical industry has a large and growing trade surplus.
The meaning of SURPLUS is the amount that remains when use or need is satisfied. How to use surplus in a sentence.
Nov 5, 2021 · Definition. A surplus occurs when the amount of a good or assets exceeds the quantity actively used. If a firm supplies one 1,000 Christmas Trees, but there is demand for only 400, then it will have a surplus of 600 unsold Christmas Trees.
the amount of money you have left when you sell more than you buy, or spend less than you own: a budget / trade surplus. Fortunately the company's bank account is currently in surplus. Fewer examples. A surplus of corn has helped depress the grain market. The chemical industry has a large and growing trade surplus.
Explore the concept of consumer surplus in economics using a car sales example. See how the demand curve can be viewed as a marginal benefit curve, and how consumer surplus is the total excess of marginal benefit above the price paid.
noun. something that remains above what is used or needed. Synonyms: superabundance. an amount, quantity, etc., greater than needed.
noun. /ˈsɜːpləs/ /ˈsɜːrplʌs/ [countable, uncountable] an amount that is extra or more than you need. food surpluses. in surplus Wheat was in surplus that year. see also army surplus. Extra Examples. Oxford Collocations Dictionary. Definitions on the go.
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. Synonyms: extra, spare, excess, remaining More Synonyms of surplus. 3. countable noun [usually noun NOUN]
adjective. /ˈsɜːpləs/ /ˈsɜːrplʌs/ more than is needed or used. surplus cash. Surplus grain is being sold for export. This diet guarantees to help you shed surplus fat. surplus to something These items are surplus to requirements (= not needed). Word Origin. Want to learn more?
