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.
Productivity is commonly defined as a ratio between the output volume and the volume of inputs. produce a given level of output. assessments. regulations on economic performance. productive capacity of economies. to gauge the position of economies in the business cycle and to forecast economic growth.