What is the pronunciation and definition of "surplus"?
surplus
adjective, noun
How to pronounce surplus?
The word surplus sounds like sur-plus
/'sɜrpləs/
What is the definition of surplus?
adjectivemore than is needed, desired, or required
Examples
- surplus cheese distributed to the needy
nouna quantity much larger than is needed
What is the definition of surplus?
- Surplus refers to the amount that remains when the quantity or supply of something exceeds the demand or requirement. It is an excess or extra amount.
What are synonyms for surplus?
- Excess
- Extra
- Superabundance
- Overflow
- Redundancy
What is the opposite of surplus?
- Shortage
- Deficiency
- Scarcity
- Lack
- Insufficiency
What are examples of surplus?
- An example of surplus could be when a company has produced more goods than it can sell, resulting in excess inventory.
- In agriculture, surplus can occur when there is an abundant harvest of a particular crop.
- A surplus of funds in a budget occurs when income exceeds expenditures.
What is the economic meaning of surplus?
- In economics, surplus refers to the amount by which the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers at a given price.
What is a surplus budget?
- A surplus budget is a financial plan where the income or revenues exceed the expenses or expenditures. It indicates a positive balance between income and spending.
What is a surplus food?
- Surplus food refers to the extra or excess food that is left over and not consumed or wasted. It can occur in various areas such as agriculture, supply chains, and households.
What is surplus value?
- Surplus value, in Marxist economics, refers to the difference between the value of a worker's labor and the wages paid by the capitalist for that labor. It represents the additional value that is created by the worker but appropriated by the capitalist.
What is a surplus line?
- A surplus line, in insurance, refers to coverage for risks that are not available or not placed with traditional insurance companies. Surplus lines are non-admitted insurers that provide coverage for specialized or higher risk areas.
How is surplus calculated?
- Surplus can be calculated by subtracting the total quantity demanded from the total quantity supplied at a given price.
