Surplus
A situation in which the quantity of a good supplied is more than the quantity demanded
Real World Example
In the Kingdoms and Trading States of Africa from 730-1590, surplus meant having more goods, like gold or salt, than needed, which allowed these regions to trade with others and grow wealthy. This surplus was crucial because it enabled trade, supported large populations, and allowed for cultural exchanges. It responded to the need for resources and goods that were not locally available, creating a network of trade routes and relationships. Today, the concept of surplus is still important as it influences economies and trade; for example, when farmers grow more crops than they can sell locally, they export them to other regions. This affects everyday life because surplus goods can lower prices for certain products, benefiting consumers and affecting market dynamics.
