ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
surplus
|
|
|
deficit
|
|
|
loan
|
|
|
opportunity cost
|
Detailed explanation-1: -Assertion (A) : Surplus is an amount of something left over when requirements have been met. Reason (R) : Surplus is an excess of production or supply.
Detailed explanation-2: -Answer: An amount of something left over when requirements have been met in excess of production or surprise is known as Surplus.
Detailed explanation-3: -In economics, an excess supply, economic surplus market surplus or briefly surply is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand.
Detailed explanation-4: -A surplus occurs when there is some sort of disconnect between supply and demand for a product, or when some people are willing to pay more for a product than others.
Detailed explanation-5: -: an excess of receipts over disbursements. : the excess of a corporation’s net worth over the par or stated value of its stock. surplus.