(an amount that is) more than is needed: 2. When there is a significant increase in assets over the amount of liabilities a firm holds, it has an economic surplus. Surplus lines insurance, unlike regular insurance, can be purchased from an. Put simply, consumer surplus is the benefit consumers feel when buying something at a lower price than expected. Payment Balance or BoP is a statement or record of all financial and economic transactions that are made nationally and internationally over a period of time (quarterly or yearly). The Overall Reserves and Surplus = 212. Mathur-Ezekiel Hypothesis / Thesis & Marketed Surplus. It allows a country to purchase the assets of another nation. trade surplus: [noun] a situation in which a country sells more to other countries than it buys from other countries : the amount of money by which a country's exports are greater than its imports. That which remains when use or need is satisfied, or when a limit is reached; excess; overplus. heavy book. more . Ricoeur says: "With writing, the verbal meaning of the text no longer coincides with the mental meaning of intention of the text. a trade surplus of almost $10 billion. Introduction and. Emote visual. At a free market equilibrium price, the level of. Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare. Introduction to Marketed Surplus 2. Policyholder surplus are assets of a policyholder-owned insurance company (also called a mutual insurance company) minus its liabilities. Consumer surplus refers to the difference between the price a consumer is willing to pay for a particular good and the price they pay. As a term, surplus can be applied across a range of different aspects of running a business, as follows: Goods – an inventory could reveal that excess products are still sitting in a. g. 4. SURPLUS definition: 1. Enough: an adequate quantity; a quantity that is large enough to achieve a purpose. remains. ] | Meaning, pronunciation, translations and examplesSURPLUS FUNDS definition: If there is a surplus of something, there is more than is needed . Shirky progressively defines his cognitive surplus theory by describing that a person's additional time and energy, combined with an increased participation on the internet and other forms of. Summary. a country with a current account surplus will have surplus foreign exchange it can use to invest in other countries. extra material. See surplus meaning in Tamil, surplus definition, translation and meaning of surplus in Tamil. SourPls - What is Sourpls? Like us on Facebook! Like 1. Economic surplus is the aggregate of consumer surplus and producer surplus. more . The producer surplus is the difference between the. Capital surplus, also called share premium, is an account which may appear on a corporation 's balance sheet, as a component of shareholders' equity, which represents the amount the corporation raises on the issue of shares in excess of their par value (nominal value) of the shares ( common stock ). Factors on which Marketable Surplus Depends 4. Issue: The surplus lines market is a unique segment of the property & casualty industry consisting of non-admitted specialized insurers covering risks not available within the admitted market. SourPLS. In a business transaction, producers often make a hefty profit. Since the price paid is a positive term in the producer surplus and a negative term in the consumer surplus, the price paid is canceled out resulting in the following equation. Capital surplus can be created through various means, including issuing. Reid, and Loic. Total Reserve and Surplus. It is usually posted when. This is subjective and related to the openness of a text to interpretation ( see also open and closed texts; readerly; writerly). I know that "pls" is shorthand for "please", and thus people typically pronounce those emotes as "please", but I'm wondering that actually means or stands for. surplus Significado, definición, qué es surplus: 1. Wooby. The icon, which shows Jebailey being taken aback by surprise, is used when someone is trying to troll or bait a streamer or other. Reserve and Surplus = $40,000 + $20,000 + $245,000. S. What does it mean? BetterTTV emote used on Twitch. English. surplus synonyms, surplus pronunciation, surplus translation, English dictionary definition of surplus. Step 2: Next, determine the actual selling price of the product at which it is being traded in the market place. A phrase used as a response to edgy people (people who are trying too hard to be. + Preaching Liberation (Fortress Resources for Preaching) $20. The concept of consumer surplus became the basis of old welfare economics. too much. A surplus is used to describe many excess assets including income, profits, capital, and goods. Some of these business plans may include buying of fixed assets, paying dividends, debt repayments, legal settlements, etc. SourPls by D. Surplusage is language contained in a pleading that is unnecessary or irrelevant. The area of the consumer surplus is the triangle above this line. Surplus definition: Being more than or in excess of what is needed or required. We also support English to Nepali meaning. Definition of surplus_1 noun in Oxford Advanced Learner's Dictionary. A capital surplus is the additional paid-in capital in excess of par value that an investor pays when buying shares from an issuing entity. Explore the concepts of supply and demand, opportunity cost, and producer surplus in the context of a berry farm, learning how changes in quantity produced affects the price needed to incentivize producers, and how producers benefit when the market price is higher than their opportunity cost. Surplus meaning in Hindi | Surplus ka kya matlab hota hai | daily use English words घर बैठे इंग्लिश सीखने के लिए मेरी सबसे. Example: Streamer: Guys, let me set everything. Both consumer surplus and producer surplus are economic terms used to define market wellness by studying the relationship between the consumers and suppliers. This difference between the amount received from the customer and the minimum set price of the product is the surplus. The amount that a seller is paid for a good minus the seller’s actual cost is called producer surplus. But this is at the cost of the consumer, who ends up. Issue: The surplus lines market is a unique segment of the property & casualty industry consisting of non-admitted specialized insurers covering risks not available within the admitted market. This is called Additional paid in capital in. It is usually posted when someone is excited or happy about an event. domiciled insurers, Lloyd’s syndicates, and non-U. What Does KEK Stand For? KEK is an online slang term that means “LOL” or laugh out loud. Check the meaning, and see real examples of sentences with "Ow the edge". Key Takeaways. On the other hand, plenty refers to a sufficient or abundant amount. In other words, it’s the benefit obtained by suppliers for selling a good or a service at a higher market price than they would be willing to sell and the benefit obtained by consumers for paying a lower price for a good or service. And the value of US agricultural exports is increasing. The meaning of SURFEIT is an overabundant supply : excess. Surplus meaning in Urdu is a بیشی - Beshi. We all harbor secrets. Surplus lines insurance is any policy that offers coverage to an insured outside of a state’s admitted market. Other languages: surplus meaning in Hindi. Learn more. Introduction: Phenomenology of Youth Cultures and Globalization: Lifeworlds and Surplus Meaning in Changing Times Jacqueline Kennelly and Stuart R. Explore the concepts of supply and demand, opportunity cost, and producer surplus in the context of a berry farm, learning how changes in quantity produced affects the price needed to incentivize producers, and how producers benefit when the market price is higher than. We do so by working out the area of this triangle, In this case, it would be 1,000. SURPLUS POPULATION IN THE TWENTIETH AND TWENTY-FIRST CENTURIES. The global reaction, as seen in major shifts in travel, consumption, and trade, also made the world a more economically imbalanced place as reflected in current account balances—a record of a country’s. It shows a dancing man. It is usually used to hype up something before it is happening. Or another way to think about it is, the consumer surplus for this first unit was $30,000. Learn and practice the pronunciation of surplus. To fight inflation, first of all. g. In addition to his academic work, his public presence as a social and political commentator, particularly in France, led to a square in Paris being named in. Opposite Of Surplus, Antonyms of Surplus, Meaning and Example Sentences Antonym opposite words contradict each other and meet opposite meanings. i. Meaning of Consumer's Surplus: Consumer's Surplus is one of the most important concepts in Economics. If at times the very ubiquity of the term can appear to leave the concept barren of meaning, we contend that it remains a fundamental resource for orienting ourselves in contemporary life. The sum of consumer surplus and producer surplus is social surplus, also referred to. , when revenues exceed expenditures). ] | Meaning, pronunciation, translations and examples Surplus definition: . With the rise of neuroscience, hypotheti-cal physiological states were. For example, in an indictment, surplusage is the allegation of any fact or circumstances that is not a necessary element to the offense. In general, somewhere between 100-300 calories above maintenance intake per day is a good starting point. The causes and solutions of shortages and surpluses are very different and require businesses to look within to. Consumers’ surplus is the difference between the highest monetary amount that the consumer would have paid minus the actual amount paid for the desired good or service. For example, this emote spreads happiness and joy equally and shows a guy dancing in a supermarket. Using the example of the luxury cars, if you want to calculate the entire amount of producer surplus, you would calculate the total amount over the minimum values. Surplus word meaning in English is well described here in English as well as in Urdu. Definition. Total Surplus = Total Consumer Surplus + Total Producer Surplus. Surplus is an noun according to parts of speech. SURPLUS LABOUR definition: Labour is very hard work, usually physical work. Trade Surplus: A trade surplus is an economic measure of a positive balance of trade , where a country's exports exceed its imports. The microeconomics concept of. consumer surplus, also called social surplus and consumer’s surplus, in economics, the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it. Allocative efficiency is achieved when the price in the market equals the marginal benefit ( M B ) and the marginal cost ( M C ). In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall ), is either of two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price that is. Producer surplus is the difference between the price at which a firm is willing to sell a good and the price at which it sells it. On a supply and demand curve, it is the area between the equilibrium price and the demand curve. Emote Meaning . Producer surplus is a measure of producer welfare. Dualism . Types. It can be used interchangeably with the slang term LOL, but it is most commonly used in online gaming. The term is is no longer commonly used; instead, the concept is now called additional paid-in capital in the. | Meaning, pronunciation, translations and examplesory. According to the Economist’s glossary of terms, consumer surplus is: “The difference between what a consumer would be willing to pay for a good or service and what that consumer actually has to pay. It’s often used to tell someone to get lost, or go away. " "An odd or disagreeable person"; "a plain-clothes detective"; "an ill-disposed person";. . For example: If you would be willing to pay £50 for a ticket to see the F. True O False. Find surplus similar words, surplus synonyms. ] | Meaning, pronunciation, translations and examples SURPLUS FUNDS definition: If there is a surplus of something, there is more than is needed . SURPLUSAGE definition: (in pleading , etc) irrelevant matter , such as a superfluous allegation | Meaning, pronunciation, translations and examplesEquity Method of Accounting Definition and Example The equity method is an accounting technique used by a company to record the profits earned through its investment in another company. Consumer Surplus is the difference between the price that consumers pay and the price that they are willing to pay. An animated Twitch emote of somebody dancing, that only works with the Better Twitch TV plugin. Inferior good. t. 4 (a) REVIEW. Bakunyuu. [count] finance. ”. A surplus is a sign that a government is managing its finances efficiently. Summary. It was created to help protect users from doxing, stalking, harassment, and profiling for the purposes of censorship. When the charity collectors come -scrooges speech about the poor. The "surplus" in this context means the additional labour a worker has to do in their job, beyond earning. Overplus is often used when referring to an abundance of something, while surplus is used when referring to an excess of something that. Producer surplus is the difference between the price a producer gets and its marginal cost. meaning is the “inner” side of the material aspect of the system’s closure. army surplus definition: 1. Usually used as dancing to a song. Check the meaning, and see real examples of sentences with "xqcL". This paper aims to explore LeDoux's new proposal, and examine the potentially devastating consequences that ensue for the aforementioned views. Some companies revalue their assets to determine the recent market value of their assets. domiciled insurers, Lloyd’s syndicates, and non-U. A trade surplus represents a net inflow of domestic currency. Specifically, an amount in t. When subjective state words are used to describe behaviors, or brain circuits that control them nonconsciously, the behaviors and circuits take on properties of the subjective state. This surplus comes into existence when the fair market value of the asset is more than the carrying value. The text is mute. Exclamation of a surprise. Lean: containing little excess. The more muscle mass you have, the more energy you will expend as muscle is a metabolically active tissue (meaning it burns energy at rest) and therefore, the higher the calorie requirements. 89. NET SURPLUS definition: If there is a surplus of something, there is more than is needed . Surplus Lines. 95. The overall amount of reserves and surplus will be equal to the total of the general reserve, stock premium account, capital redemption reserve, and dividend reserve. Roughly speaking, it is the extra goods produced above the amount needed for a community of workers to survive at its current standard of living. Consumer surplus is the economic benefit a consumer receives when they buy a product for less than they were willing to pay for it. surplus - WordReference English dictionary, questions, discussion and forums. A weaker ruble worsens inflation by making imports more. But this is at the cost of the consumer, who ends up. The meaning of DIVISIBLE SURPLUS is the part of the annual surplus fund of an insurance company which is available for payment in the form of dividends to policyholders. Synonyms. Scrooge views the poor as a waste of life and unnecessary . There are several assumptions associated with the theory of consumer surplus. In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i. budget surplus definition: the amount of extra money available to a government because it has spent less money than it earned: . The most notorious lynchings that occurred in the United States between 1890 and 1940 involved publicity, crowds, ritual, and abnormal cruelty. Specifically, an amount in the public treasury at any time greater than is required for the ordinary purposes of the government. The emote is used when something unpleasant happens during a game or when a viewer disagrees with something a streamer says or does. The vernacular meaning of emotion words is simply too strong. Call 866-321-9154 or visit taipa. Here, the consumer surplus was $20,000. I think you need BTTV enabled to see animated emotes. It is the sum of consumer and producer surplus at a given price and quantity in a market. See examples of SURPLUS used in a sentence. Economic Surplus Explained. This is the difference between what the consumer pays and what he would have been willing to pay. The meaning of SURPLUSAGE is surplus. “None of this would have been possible without the development of agriculture and the capacity to produce a surplus of food that could be supplied to a sector of the population that was no longer responsible for feeding itself. i was just asking what do people generally use it for, as -pls and dancing dont really fit together. In simple terms, a surplus means the amount of something – be it an asset or a resource – which is over and above the amount that is actually being used. Learn more. Compensation to Emp = 1030. The consumer surplus refers to the difference between what a consumer is willing to pay and what they paid for a product. It also expresses that you are living life carefree and enjoying what’s happening. Examples of types of surplus include economic and budget surplus. The meaning of SURPLUS TO REQUIREMENTS is no longer needed. Try the free calorie surplus calculator!What the meaning of a surplus in the merchandise trade balance? If a given nation or other economic unit exports more than it imports, it will accumulate money, which will constitute a trade surplus. This article provides an introduction and overview to the special issue, “On defining and interpreting constructs: Ontological and epistemological constraints. Consumer Surplus Formula. A caloric surplus is when the number of calories that we consume is higher than the number of calories we burn. Other languages: surplus meaning in Hindi. Definition. All solutions for "surplus" 7 letters crossword answer - We have 4 clues, 78 answers & 140 synonyms from 3 to 16 letters. Chuong Birthday Cobbler The Answer. This comment has been overwritten by an open source script to protect this user's privacy. This amount represents the difference between the market value of shares and their par value. SourPlsSOCIALS:Youtube:. Total Reserve and Surplus. 2. Definition of producer surplus leftovers. I'm guessing every Pls emote that came after SourPls adopted the Pls to fall in line with SourPls, but I'm left wondering what it actually means, or if it's even supposed to be. ] | Meaning, pronunciation, translations and examples Definition of Consumer Surplus. Back to table of contentsCheck the meaning, and see real examples of sentences with "Hachi machi". price floor: A mandated minimum price for a product in a market. Learn more. Now, the Reserve and Surplus at the end of 2019 can be calculated as, Reserve and Surplus = General Reserve + Dividend Reserve + Surplus. Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price. These records include transactions made by individuals, companies and governments. The common use of this emote is to get hyped for something extremely. Mistake #1: Using Surplus When You Mean Plenty. surplus: Being more than or in excess of what is needed or required: synonym : superfluous . Definition. When we hear the word ‘fear’, the default interpretation is the conscious experience of being in danger, and this meaning dominates. Once a streamer is. A surplus occurs when the amount of a good or assets exceeds the quantity actively used. The emote is used when something unpleasant happens during a game or when a viewer disagrees with something a streamer says or does. Find the equilibrium. All such items will be regarded as surplus. Learn and practice the pronunciation of surplus. By 1850 more than a quarter of the female population of the UK between 20 and 45 was unmarried, and finding increasing difficulty in accessing economic means. See moreSourPLS Meaning. This term is most commonly used to refer to government spending, but it can also be applied to companies and individuals. Surplus labor classification" as used herein, is that specific position (s) scheduled for elimination by actions cited in Article X, Section 6, of this Agreement who have a seniority date of 1 October 2006 or later. | Meaning, pronunciation, translations and examplesBUDGET SURPLUS definition: the amount by which government income from taxation , customs duties , etc, exceeds. Sourpls? is a term used to describe a sour or acidic taste. Surplusage definition: . When a country has the ability to sell more goods than they import, then a trade surplus arises. Definition of Consumer Surplus: 1. When economists refer to supply, they mean the relationship between a range of prices and the quantities supplied at those prices—a relationship that can be illustrated with a supply curve or a supply schedule. The consumer's got $30,000 more in benefit, marginal benefit for them and value for themselves, than. Surplus Lines. Official reserve transactions are relevant under the reign of the fixed exchange rates. When this hap-pens, the variable or construct becomes infected with the subjective properties that the scientist was trying to avoid. Deadweight loss (DWL) is a loss in total surplus meaning that both buyers and sellers are worse off. It is used to denote celebration or dancing on the part of the poster. This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. SURPLUS POPULATION IN THE TWENTIETH AND TWENTY-FIRST CENTURIES. The gains could go in favor of a consumer or a producer. not needed : unnecessary. Ships from and sold by Amazon. Several hundred of these “public torture lynchings. It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour"). surplus meaning, definition, what is surplus: an amount of something that is more than. What does the "Pls" mean in dance emotes like SourPls and nyanPls? Question [Resolved] I know that "pls" is shorthand for "please", and thus people typically pronounce those. The thing over that which he actually does pay, is the economic measure of this surplus satisfaction. On the other hand, a deficit is a situation whereby a required resource, especially money, is less than what is required, hence expenses exceed revenues. au surplus adv. e. Policyholder Meaning. It’s used to show happiness or emotion before a specific event. A consumer is a person who buys goods and services. • SourPLS . Also Read: Intraday Trading Books for Indian Market. Soybeans, corn, and beef were the top exports in 2021, and have continued to lead the pack in the first six months of 2022. Surplus land is land that is not needed to serve or support the existing improvement, but it cannot be separated from the property and sold off. surplus value, Marxian economic concept that professed to explain the instability of the capitalist system. Tags for the entry "surplus" Capital surplus includes equity or net worth otherwise not classifiable as capital stock or retained earnings . A trade surplus is a financial term used when an economy exports more than imports. It has spread across the internet due to the game’s popularity. A surplus is the residual amount of resources remaining after a period of usage. It is not merely a summary of the relationships between observable variables but contains surplus meaning over and above such relationships. It finds its origins in Late Middle English: from Old French sourplus, from medieval Latin superplus, from. the limit. Marx first began to work out his idea of surplus product in his 1844 notes on James Mill. It is calculated by analyzing the difference between the consumer’s willingness to pay for a product and the actual price they pay, also known as the equilibrium price. Tìm hiểu thêm. 66 Cr. The emote features a cartoonish face with raised eyebrows and puckered lips, giving a sour expression. Noun. You can search for English words and find the Nepali word (meaning) for them. See examples of SURPLUSAGE used in a sentence. Definition of Food Surplus. In our own mind, sometimes we are. Sovereign Wealth Fund - SWF: A sovereign wealth fund (SWF) consists of pools of money derived from a country's reserves, set aside for investment purposes to benefit the country's economy and. Learn more. matériel militaire en excédent après la seconde guerre mondiale, écoulé dans. com. . Poyntz Section 1: Intersubjectivity. Current Account Surplus: A current account surplus is a positive current account balance, indicating that a nation is a net lender to the rest of the world. When we learn a language, when we learn a word in that language, it will be very useful for us to learn both the opposite and the synonyms. 1. Inner experiences of this type. surplus meaning in Marathi मराठी is a translation of surplus in Marathi मराठी dictionary. This emote is used to express a happiness. Released: circa 2014. For classical political economists, the poverty and unemployment generated in the early stages of capitalist development denoted the existence of a surplus population caused by the inability of the poor to postpone marriage and behave in a. Note that in the above equations for consumer surplus and producer surplus, the price paid is a common term to both. A conjectured entity, process, or event that is not observed directly but is assumed to explain an observable phenomenon. The term was invented by Dutch biologist Hans Kruuk after. the limit. SURPLUS is an official word in Scrabble with 9 points. Agricultural-surplus definition: An agricultural production that exceeds the needs of the society for which it is being produced, and may be exported or stored for future times. It is also used as a hype emote. the amount of money you have left when you sell…. surplus - WordReference English dictionary, questions, discussion and forums. In contrast, a debit is a negative entry intoSurplus meaning in Hindi : Get meaning and translation of Surplus in Hindi language with grammar,antonyms,synonyms and sentence usages by ShabdKhoj. It is often used to describe food or drink that is too sour for some people’s taste. The consumer surplus formula = Highest product price consumers can pay – Market price It is the best way to compute the actual worth of an item or utility, and monopolies usually employ it to decide the product’s retail. be surplus to requirements meaning, definition, what is be surplus to requirements: to be no longer necessary: Learn more. While overplus and surplus are similar in meaning, the context in which they are used can help differentiate between the two. This intention is both fulfilled and abolished by the text, which is no longer the voice of someone present . Reserve and Surplus = $305,000. Consumer meaning. Where the supply curve and the demand curve meet is the equilibrium. 370 = 1800-200-200- Compensation to Employees-0. PY - 2005/12. The consumer's got $30,000 more in benefit, marginal benefit for them and value for themselves, than they had to pay for it. Definition, Types and Example. It’s an animated emote. The happiness and joy presented in the emote are contagious. In surplus reinsurance, the reinsurer shares in both premiums and losses in the same ratio that it participates in the total risk. Fitzhugh Brundage, Jerome Bruner, Mitchell Duneier, Gretchen Feltes, Jeff Goodwin, Dirk Hartog, James B. Request PDF | Semantics, Surplus Meaning, and the Science of Fear | When subjective state words are used to describe behaviors, or brain circuits that control them nonconsciously, the behaviors. Related Definitions. You can use this amazing English to Urdu dictionary online to check the meaning of other words too as the word Surplus meaning. A weaker ruble worsens inflation by making imports more. Drew's Special Sour Watermelon IPA Radler Town Square Brewing. Definition of producer surplusleftovers. ] | Meaning, pronunciation, translations and examplesRevaluation Surplus is an equity account where all upwards adjustments in the value of a company’s assets are systematically recorded. The author develops an interpretation that takes seriously the specific forms and discourses that lynchers and. ちなみにSourPlsのエモートはBetterTTVを入れてないと見ることができません。 BetterTTVの導入方法はこちら SourPlsの意味 - 踊り SourPlsは音楽にノリノリになって踊っている様子を表すエモートです。 ゲームでかっこいい音楽が流れたときなどに良く用いられます。226 Cc’s The Answer. for This, we use second formula for Operating Surplus. — opposite. sue presented by well- known philosophers and psychologists. Marshall has said that “The excess of price which he (consumer) would be willing to pay rather than go without. Paul Ricoeur (1913–2005) is a distinguished French philosopher of the twentieth century, one whose work has been widely translated and discussed across the world. This account either has a positive balance (surplus) or a negative balance (deficit). temperateness. It is used to denote celebration or dancing on the part of the poster. It was created to help protect users from doxing,. High femme. You'll have to add a bunch of channels to the list or else they won't show up, here's a list I. Professor Samuelson defines consumer surplus as “The gap between the total utility of a good and its total market value is called consumer’s surplus. a quantity much larger than is needed. Cup final, but you can buy a ticket for £40. ] | Meaning, pronunciation, translations and examplesDefinition of Consumer Surplus. Davneet Singh. Your equilibrium can be a good data point to know when deciding the price of your product because it's the center of what you can supply and what customers want to pay for your. I would like to thank the following friends and colleagues for their help and advice: Edward Ayers, Woody Beck, W. Importance of High Marketable Surpluses from Agriculture/Rural Economy 3. Adhering to David Ricardo’s labour theory of value, Karl Marx held that human labour was the source of economic value. pluck, as an eyebrow. The opposite of sapiosexual. Jebaited. ] | Meaning, pronunciation, translations and examplesDefinition and meaning. Community surplus is also known as social or society surplus. голосом оффлайн синонимы игры. SURPLUS definition: If there is a surplus of something, there is more than is needed . In accounting, the term reserve is the term used to describe the amount set aside for future. It was originally a long garment with open sleeves. Find your idael calorie surplus to maximize muscle gain without gaining excess fat. On the other hand, a deficit is a situation whereby a required resource, especially money, is less than what is required, hence expenses exceed revenues. Demand is the function that gives the number of units purchased as a function of the price. A current account surplus means that the current account has a positive balance. surplus.