The Vietnamese word "thặng dư" is a noun that translates to "surplus" in English. It refers to an amount that is more than what is needed or expected. This term is often used in economic contexts but can apply to various situations where there is an excess.
In economics, "thặng dư" can refer to several specific types of surplus: 1. Thặng dư sản xuất (production surplus): The extra goods produced beyond the demand. 2. Thặng dư tiêu dùng (consumer surplus): The difference between what consumers are willing to pay for a good or service and what they actually pay. 3. Thặng dư ngân sách (budget surplus): When a government's revenue exceeds its expenditures.
While "thặng dư" primarily means surplus, in some contexts, it can also imply a benefit or an advantage resulting from a situation where there is an excess.