The early classical (English) political economists shifted the analytical focus away from international trade and agriculture as the source of the economic surplus
to the production of manufactured goods, and thus political economy came to pertain to the provision of goods and services to support society and provide the state with revenue to conduct its activities, i.
New alternatives are needed to give people more voice, de-concentrate assets and democratize the use of the economic surplus
To undertake capital accumulation, economic surplus
had to be concentrated in the hands of the state.
He added that the financial markets work on strengthening and consolidating the principles of justice and transparency as the investor confidence cannot be achieved without the proper application of the principles and norms of the Corporate Governance Charter and it is a value if effectively enforced, and will achieve a fair distribution of economic surplus
among dealers in the financial markets particularly managers, founders and shareholders.
The report not only highlights the telecom sector's contribution towards GDP, but also how the sector catalysed development in other sectors to generate an economic surplus
Demand and supply can be used to define economic surplus
, which is the difference between the (marginal) willingness to pay given by demand and the marginal cost of production given by supply.
The lack of an economic surplus
means that our existing training capacity does not adequately provide for our current needs, let alone to correct historical imbalances, or make more provision for future training.
It must be noted that the computation of the economic surplus
of changes in technology level due to research benefits as a parallel shift of the supply function is provided by Alston.
Therefore, under a CAF strategy, the country will produce the largest possible economic surplus
and will have the highest returns on investment so that capital will be accumulated faster, and in this fashion the country will change its endowment structure from relatively abundant in labour to relatively abundant in capital.
Thus there is a loss in the total economic surplus
and firms also experience efficiency losses due to under utilization of their capacity.
But, as with any economic surplus
, the price point has been savagely driven down along with quality.
The presence of variations and the continuous disequilibrium between price, cost, and value actually create an economic surplus
that attracts participants in a free market system.