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More goods than are needed definition

User GalmWing
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3 votes

Answer:

Surplus

Step-by-step explanation:

Surplus refers to the situation where the quantity of goods and services available exceed the consumers' requirements. It is when a person, an organization, or a country has more of a product or service than they can consume. A surplus results in either storage of the excess commodity or exporting to other countries.

A surplus is when supply exceeds demand. A surplus is an excess supply.

User Hessuew
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