In economics, an excess supply, economic surplus[1] market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than the quantity demanded,[2] and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish to sell exceeds the quantity that potential buyers are willing to buy at the prevailing price. It is the opposite of an economic shortage (excess demand).
In cultural evolution, agricultural surplus in the Neolithic period is theorized to have produced a greater division of labor, resulting in social stratification and class.[not verified in body]
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^O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 128. ISBN 0-13-063085-3.{{cite book}}: CS1 maint: location (link)
economics, an excesssupply, economic surplus market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than...
or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excesssupply (surplus)...
microeconomics, an excess demand function is a function expressing excess demand for a product—the excess of quantity demanded over quantity supplied—in terms of...
which, in an economic market, the supply of whatever is traded is equated to the demand so that there is no excesssupply or demand, ensuring that there...
price is above the equilibrium. In this case there is an excesssupply, with the quantity supplied exceeding that demanded. This will tend to put downward...
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This...
(which increases supply) and buys foreign currency. This causes the price of the currency to decrease in value (Read: Classical Demand-Supply diagrams). Also...
unused, or past their use by date, and are no longer needed due to excesssupply, decommissioning, or obsolescence. The surplus sold is often military...
supply at any potential goods price—their effective supply of goods—will be less than their notional supply. And if firms are constrained by excess supply...
a crop may suffer low prices should a bumper crop elsewhere lead to excesssupply on the global markets. This system has been criticized by traditional...
or service that will be produced and bought without surplus/excesssupply or shortage/excess demand) of that market.: 57 Movement "along the demand curve"...
one of various supplementary values Excesssupply, a situation in which the quantity of a good or service supplied is more than the quantity demanded,...
unplanned investment. (Inventory accumulation would correspond to an excesssupply of products; in the National Income and Product Accounts, it is treated...
wage rate from decreasing to the real wage rate that would equilibrate supply and demand (such as a minimum wage above the market-clearing wage). Structural...
reversed during disasters when blood donations increase, often creating an excesssupply that will have to be later discarded. In countries that allow paid donation...
cities that undergo substantial effects of gentrification. These are: an excesssupply of deteriorated housing in central areas, as well as a considerable...
disequilibrium in another, so involuntary unemployment had to be tied to an excesssupply in the goods market. Many see Don Patinkin's work as the first in the...
will be excesssupply for those occupations and some applicants whom are not hired may have to work at a lower wage elsewhere. Conversely, if supply is less...
hence creating excesssupply. The opposite occurs when the price is set too low, causing demand for a good to be greater than supply. Theory of Capital...
not equal the quantity supplied in a market, "price adjustment" is the rule: if there is a market surplus or glut (excesssupply), prices fall, ending...
raising or reducing prices, reducing income inequality, managing the money supply and interest rates, or increasing profits. A wide variety of tools can be...
supply of labor will increase relative to demand, creating an excesssupply and thus depressing market real wages; when wages are lower, labor supply...
as phosphorus, nitrogen, trace elements, or lack of oxygen) and the excesssupply of carbon sources. However, the prevalence of PHA production within...
restore the reputation of the industry, as well as eliminating sources of excesssupply. In 2018, De Beers used blockchain technology to successfully track...
excess demand (both Alice and Bob want the car at that price), and any price above 20 is not an equilibrium price because there is an excesssupply (neither...
Excess reserves are bank reserves held by a bank in excess of a reserve requirement for it set by a central bank. In the United States, bank reserves for...
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