Budget surpluses are most appropriate during times of economic prosperity when government revenues exceed expenditures. They can be used to reduce debt, save for future economic downturns, or invest in infrastructure or other long-term projects.
Food surpluses allowed towns to grow in size and population as they could support more people. It also led to the specialization of labor, with some individuals able to focus on activities other than food production. This helped foster economic and cultural development within towns.
The peoples of the Kongo were able to produce food surpluses due to their advanced agricultural practices, which included the use of crop rotation and the cultivation of diverse crops like yams, cassava, and rice. The region's fertile soil and favorable climate also contributed to high agricultural productivity. Additionally, the establishment of trade networks allowed for the exchange of goods and resources, further enhancing food security and surplus production.
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Paid farmers to destroy surpluses.
over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
How does the price system respond to surpluses and shortages? In: Economics [Edit categories]
A growth in population
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The problem of surpluses. Surpluses indicate a waste of labor and materials that could have been applied to more pressing needs of society.
What periods in recent history has the US run budget deficits and budget surpluses?
surpluses is the plural of surplus x3
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Over the last 40 years, the United States has experienced budget surpluses in only a few instances, primarily during the late 1990s and early 2000s. The most notable surpluses occurred from 1998 to 2001, with the federal budget achieving a surplus in each of those years. Overall, there have been a total of five years with budget surpluses since 1980.
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