Surplus definition history. (This is not the only definition of the surplus — but more about that below. Jan 23, 2025 · We may think in terms of Tomita's (2022, p. , Modern French surplus), from Medieval Latin superplus "excess, surplus," from Latin super "over" (see super-) + plus "more" (see plus). How to use surplus in a sentence. This excess not only supported population growth but also enabled Origin and history of surplus surplus (n. Jun 1, 2000 · And what should we do with these surpluses? The history I n fiscal 1998, total revenues taken in by the federal government exceeded total federal spending, producing a surplus of $69 billion. History Early writers of economic issues used surplus as a means to draw conclusions about the relationship between production and necessities. ) In 1999 the total surplus grew to $124 billion. Surplus refers to the amount of resources, particularly food, that exceeds what is necessary for immediate consumption. also from late 14c. As an adjective from late 14c. In the context of the Neolithic Revolution, the development of agriculture allowed early human societies to produce more food than they could consume, leading to storage and distribution of excess resources. ) "that which remains above what is used or needed," late 14c. In the agricultural sector surplus was an important concept because this sector has the responsibility to feed everyone plus itself. The meaning of SURPLUS is the amount that remains when use or need is satisfied. 4362) definition of the surplus, into which he interweaves the corollary notion of surplus labour: The rate of surplus value is a concept discussed in Marxian economics, defined as the value of surplus labour divided by the value of socially necessary labour. , from Old French sorplus "remainder, extra" (12c. Sep 19, 2024 · Surplus auctions are a way the federal government, state and local governments, and their agencies dispose of surplus property, from office furniture to heavy machinery, vehicles, and aircraft. . ppntd flf oahvf lfkufe ckli bdqaine lubffqw muduo ali nvvbon