Brief History of the Infinity Symbol. The word infinity has been used in mathematics to describe sets or things that are uncountable. Similarly, in philosophy, infinity is a term used to describe the endless, immeasurable, and inconceivable. In religion, infinity is closely linked to the concept of God, the prime mover with no beginning or end.
Producer. Definition. noun, plural: producers. (1) An autotrophic organism capable of producing complex organic compounds from simple inorganic molecules through the process of photosynthesis (using light energy) or through chemosynthesis (using chemical energy).xamples of producers are plants, particularly in terrestrial ecosystems, and algae in aquatic ecosystems. Word origin: L prÅdÅ«cere, to lead or bring forward, extend, prolong, produce + - er. Related terms: primary producer.
Definition of 'Producer Surplus'. Definition: Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade. Producer surplus is a measure of producer welfare. It is shown graphically as the area above the supply curve and below the equilibrium price. Here the producer surplus is shown in gray. As the price increases, the incentive for producing more goods increases, thereby increasing the producer surplus.