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Material surplus refers to the excess of goods or resources that are produced beyond what is needed for immediate consumption or use. This surplus can arise from increased production efficiency, overestimation of demand, or changes in consumer preferences. It can lead to storage challenges, potential waste, or opportunities for export or discount sales. In economic terms, managing material surplus is crucial for maintaining balance in supply and demand.
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The first type of society to generate a material surplus is?
Industrial
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
What is the term for slaves trading or bartering produce among themselves and illegally selling the surplus?
Black market
The first type of society to generate a material surplus was?
The first type of society to generate a material surplus was agricultural society, particularly those that practiced farming and domesticated animals. The transition from hunter-gatherer lifestyles to settled agriculture allowed for the production of excess food, which enabled population growth and the development of specialized roles within communities. This surplus laid the foundation for more complex social structures, trade, and the rise of early civilizations.
What is meant by surplus?
Being more than or in excess of what is needed or required. In accounting a non-profit organisation does not make a profit; any excess income over expenditure is called a Surplus instead.
What does surplus mean in ancient times?
It meant the same as it means now. A surplus is when you have more of something than you need.
Why did the hopis have to keep a surplus of food?
because a surplus of food meant survival during times of drought the climate was very arid
What is another term for surplus?
Extra amount
What is the financial term for the opposite of deficit?
Surplus.
The first type of society to generate a material surplus is?
Industrial
What is meant by the term cathetarisation?
what is meant by the term catheterisation
Why did Andrew Jackson favor a Balanced Budget?
because it meant there was no surplus for the banks to benefit from
What is meant by the term resistance?
What is meant by the term resistivity?
What is meant by the term ''insulation''?
An insulator is a material through which some kind of energy - usually electricity, or heat, or sound - does not easily pass.
What happens as societies generate a greater material surplus?
develop a ruling elite
What is meant by the term dementia?
Explain what is meant by the term 'dementia.'
What is meant by identation?
what is meant by the term identity politics
