two levels of production are: 1-subsistance production2-surplus production
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
Surplus value is the difference between the value that workers produce and what they are paid in wages.
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
A surplus is more than needed, a deficit is a shortage or loss
two levels of production are: 1-subsistance production2-surplus production
Consumer surplus is the difference between the maximum amount a person is willing to pay for a good and its current market price. Producer surplus is the difference between the current market price and the full cost of production for the firm.
A reserve is a planned amount, a surplus is unplanned.
Surplus value is the difference between the value that workers produce and what they are paid in wages.
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
A surplus is more than needed, a deficit is a shortage or loss
Surplus energy is an excess amount and deficit is not enough energy
The principal difference is time perspective: marketable surplus is produce that a farmer currently has on hand to take to market to earn a profit, while marketed surplus is what she has already taken to market to earn a profit.
Surplus.
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare
Fundamentally, a revaluation surplus and a revaluation reserve is the same. A revaluation reserve is a revaluation surplus obtained from evaluation.
Surplus production occurs when too much of a good is produced. Supply then outweighs the demand.