A morpheme may consist of a word, such as hand, or a meaningful piece of a word, such as the âed of looked, that cannot be divided into smaller meaningful parts. Another way in which morphemes have been defined is as a pairing between sound and meaning. We have purposely chosen not to use this definition.
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.
A producer is a plant that makes its own food and provides food for consumers. Consumers are the animals that eat the food the producer makes. Producers besides cacti include the hanging chain cholla, a tree that produces spiny branches, and desert shrubs. Producers use the nutrients in the soil and sunlight to create food.