surplus — sur·plus / sər ˌpləs/ n 1 a: an amount that remains when a use or need is satisfied b: an excess of receipts over disbursements c: the value of assets after subtracting liabilities 2: an excess of the net worth of a corporation over the par value … Law dictionary
Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… … Wikipedia
Surplus economics — is the study of economics based upon the concept that economies operate on the basis of the production of a surplus over basic needs. Economic SurplusBy economic surplus is meant all production which is not essential for the continuance of… … Wikipedia
income elasticity of demand — ➔ elasticity of demand * * * income elasticity of demand UK US noun [U] ► ECONOMICS the degree to which the number of products bought changes when income changes: » In Japan, the income elasticity of demand for exports is far higher than for… … Financial and business terms
income and expenditure account — ➔ account1 * * * income and expenditure account UK US noun [C] ► ACCOUNTING a record of money received and spent by a business or organization during a particular period: »We find, after closing up our income and expenditure account, that we have … Financial and business terms
surplus — ► NOUN 1) an amount left over when requirements have been met. 2) an excess of income or assets over expenditure or liabilities in a given period. ► ADJECTIVE ▪ more than what is needed or used; extra. ORIGIN from Latin super in addition + plus… … English terms dictionary
Surplus product — Part of a series on Marxism … Wikipedia
Surplus labour — Part of a series on Marxism … Wikipedia
surplus — ▪ I. surplus sur‧plus 1 [ˈsɜːpləs ǁ ˈsɜːr ] noun 1. [countable, uncountable] ECONOMICS an amount of something that is more than what is wanted, needed, or used: • Sugar prices fell after revised estimates of the surplus for the current crop year … Financial and business terms
Surplus Spending Unit — An economic unit with income that is greater than or equal to expenditures on consumption or real investment over the course of a period. A surplus spending unit will use its additional income to buy goods, invest, lend money to deficit spending… … Investment dictionary
