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.
Federalism is a system of government in which power is divided between a national (federal) government and various regional governments.ederalism Law & Legal Definition. The basic principle of American federalism is based in the Tenth Amendment (ratified in 1791) to the Constitution which states: