Surplus facts for kids
Surplus is when there is more of something than is needed. Therefore:
- If there is more budget than needed, there is a budget surplus. If there is too little, there is a budget deficit
- If a business has more of a product available than its customers want to buy at a particular price, an economist would describe the situation by saying the supply is greater than the demand and there would be a "surplus" of the product at that particular price
- In Marxian economics, there are surplus product and surplus value.
- Surplus (movie), a 2003 Swedish documentary movie about consumerism
Surplus Facts for Kids. Kiddle Encyclopedia.