What does surplus mean in economics?

Put it simply, surplus is mean that the price of the goods and services is high, it makes that the consumer not too willing spend the money to get the goods or services and over a period of time the goods of the market will be extra as the consumer are less purchase the goods because of the price of the goods was high.

What is a surplus in the military?

A surplus is something extra or left over. If your tree produces more apples than you can eat, you can make applesauce with the surplus of apples. The army surplus store sells old or out-of-date clothing and equipment that the military doesn't need. If you earn more money than you spend, then you have a surplus of cash.

What does it mean when a company shows a surplus?

Showing a surplus means that all cash requirements have been met which is essential for long-term business survival and owner peace of mind. Profit and net cash are equally important and deserve to be monitored closely. See example of eProfit Monitor Cattle Summary report later in this chapter.