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.

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.

This economic history–related article is a stub.