Surplus economics
Surplus economics is the study of economics based upon the concept that economies operate on the basis of the production of a surplus over basic needs. Economic Surplus. By economic surplus is meant all production which is not essential for the continuance of existence. That is to say, all production about which there is a choice as to whether or not it is produced. The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials. Alternative definitions are: