An economic surplus is also known as total welfare. An economic surplus is related to money, and it reflects a gain in the expected income from a product. There are two types of economic surplus: consumer surplus and producer surplus.
A bit academic in terms of style, but accessible, nonetheless! Environmentalism refers to a social movement and associated body of thought that expresses concern for the state of the natural environment and seeks to limit the impact of human activities on the environment.
Individualism is all about taking care of yourself; it is the belief and practice that every person is unique and self-reliant. A belief in individualism also implies that you believe that the government should bud out of your individual affairs. The concept of individualism is rooted in historical contexts where peopleâs personal differences were dismissed or even punished by the ruling body.