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In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities: Consumer surplus , or consumers' surplus , is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the ...
The false positive rate (FPR) is the proportion of all negatives that still yield positive test outcomes, i.e., the conditional probability of a positive test result given an event that was not present. The false positive rate is equal to the significance level. The specificity of the test is equal to 1 minus the false positive rate.
In economics, an excess supply, economic surplus [1] market surplus or briefly supply is a situation in which the quantity of a good or service supplied is more than the quantity demanded, [2] and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish to sell exceeds ...
The Cambridge economist Piero Sraffa returned to the classical economic meaning of "surplus", [50] but his concept differs from Marx's in at least three important ways: (1) The substance of Sraffa's surplus is not a claim on the surplus labour of others but a physical surplus, i.e. the value of physical output less the value of physical inputs ...
SDT begins with the empirical observation that surplus-producing social systems have a threefold group-based hierarchy structure: age-based, gender-based and "arbitrary set-based", which can include race, class, sexual orientation, caste, ethnicity, religious affiliation, etc. Age-based hierarchies invariably give more power to adults and ...
Surplus labour (German: Mehrarbeit) is a concept used by Karl Marx in his critique of political economy.It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour").
By the Age of Enlightenment in the 18th century the French physiocrats were already writing on the surplus value that was being extracted from labor by "the employer, the owner, and all exploiters" although they used the term net product. [3] The concept of surplus value continued to be developed under Adam Smith who also used the term "net ...
Many cultures throughout history have speculated on the nature of the mind, heart, soul, spirit, brain, etc. For instance, in Ancient Egypt, the Edwin Smith Papyrus contains an early description of the brain, and some speculations on its functions (described in a medical/surgical context) and the descriptions could be related to Imhotep who was the first Egyptian physician who anatomized and ...