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.
Full Definition of PRODUCTION. 1. a: something produced: product b (1) : a literary or artistic work (2) : a work presented to the public (as on the stage or screen or over the air) c: something exaggerated out of proportion to its importance. 2.ull Definition of PRODUCTION. 1. a: something produced: product b (1) : a literary or artistic work (2) : a work presented to the public (as on the stage or screen or over the air) c: something exaggerated out of proportion to its importance. 2.