economic surplus
positive balance of costs against output the positive difference between an economy's output and the costs incurred in factors such as wages, raw materials, and depreciation
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positive balance of costs against output the positive difference between an economy's output and the costs incurred in factors such as wages, raw materials, and depreciation
China’s approach to international monetary reform will exasperate those who think it is time the country adopted a more aggressive international role to go with her increasing economic clout. That, however, is the Chinese way. Gradualism is the watchword. Change will occur, but rushing
By David Smith
Economic value added measures true economic profit, or the amount by which the earnings of a project, an operation, or a corporation exceed (or fall short of) the total amount of capital that was originally invested by the company’s owners.
returns. More importantly, they have always used their oil revenues to smooth the global economic cycle. When global demand slumps and the price of oil falls, their current accounts tend to move from a huge surplus to a huge deficit. Oil revenues not only fall, but tend to be used up in an attempt
By Diana Choyleva
Finland recorded large budget surpluses until the global economic downturn, with the budget surplus surging to 5.25% in 2007, for example—buoyed by economic expansion, strong property revenues, and moderate spending. The level of state debt was also low (equivalent to 29% of GDP at the end of 2008
Definitions of ’economic surplus’ and meaning of ’economic surplus’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’economic surplus’ and other financial terms with our online QFINANCE Financial Dictionary.