Definition of superavit - What it is, Meaning and Concept

Superavit is a Latin word that comes from superāre and refers to a leftover or a surplus The concept is used in the economy and the finances to refer to the abundance of the money that enters or the equity compared to expenses or debts.

The economic surplus arises from the difference between income and expenses over a certain period of time .When the difference is positive (that is, income they exceed the expenses), there is talk of a surplus.On the contrary, if the expenditures exceed the income, it is a situation of deficit .

The superavit State takes place when the income from public companies, taxes, withholdings, etc.exceeds compliance with obligations and expenditure on public services.The existence of surpluses can to suppose a correct governmental management or the absence of social investments.

This specific case of surplus, which takes place within the state, we can establish that it is also known as the budget surplus.In contrast to this there is the so-called budget deficit that is defined as the annual situation that It occurs in a country when the expenses incurred by that State exceed the income earned in that same period.

At the European level, it can be established that among the nations with the greatest deficit of this type are Spain, Ireland, Greece or the United Kingdom.In front of them are Sweden, Norway or Hungary, which have the highest surplus in your accounts.

Marxist theory also appeals to the notion of surplus, plusvalia or plusvalue .This surplus is the surplus of the value of a job that is appropriated by the capitalist .In other words, the Marxist surplus is the value that a worker produces exceeding the value of his workforce.This surplus is what the capitalist is left and allows him to accumulate wealth.

This surplus can be increased from an extension of the working day or an increase in the production force (making the same occur in less time or more in identical time).

In the economic field we cannot ignore the existence of a term that uses the word we are analyzing.This is the so-called physical surplus that was developed by the economist Piero Sraffa in the twentieth century.An economist east, founder of the Neo Ricardiana school, which played a fundamental role in this science.

Specifically where it was most influential in the field of production thanks to the development and improvement of theories about the production of goods, the structure of relative prices or the transformation of values ​​into what were production prices.

It is also not necessary to ignore the fact that there is also the concept of trade surplus.With what is done is to establish that a country that exports one or more of its products achieves a greater profit or wealth thanks precisely to those businesses he does with the nation that buys them.

Superavit, finally, is the abundance of any thing .For example: "There is a surplus of strikers in the team" .