Vent for surplus
id:
vent-for-surplus-298-15064356
title:
Vent for surplus
text:
Vent for surplus is a theory that was formulated by Adam Smith and later revised by Hla Myint on his thesis of South East Asia. The theory states that when a country produces more than it can consume, it produces a surplus. This underutilization causes an inward movement on the production possibilities frontier. Trade with another country is then used to vent off this surplus and to bring the production possibilities in the frontier back to full capacity. Concerning the classical formulation of
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Vent_for_surplus
date created:
date modified:
2023-02-02T13:31:41Z
main entity:
{"identifier":"Q7920214","url":"https://www.wikidata.org/entity/Q7920214"}
image:
fields total:
13
integrity:
13