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.
Noun. 1. instrumentalism-a system of pragmatic philosophy that considers idea to be instruments that should guide our actions and their value is measured by their success. pragmatism - (philosophy) the doctrine that practical consequences are the criteria of knowledge and meaning and value. 1  Facebook. 2  Twitter.