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 the idea that the individualâs life belongs to him and that he has an inalienable right to live it as he sees fit, to act on his own judgment, to keep and use the product of his effort, and to pursue the values of his choosing.