Surplus definition for kids. This is a full lesson video on shortage and surplus for children! Learn the fundamentals of shortage and surplus, including what they are and some examples!T Surplus means having extra or more than what is needed. the amount that goes beyond what is needed or required; an extra amount. more than what is necessary; extra. The meaning of surplus. Kid-friendly meanings from the reference experts at Merriam-Webster help students build and master vocabulary. . There is a surplus of winter wheat this year. Surplus is when there is more of something than is needed. A surplus happens when you have more of something than you actually need or want. For example, imagine you have a big bag of candies and you eat some, but you still have more candies left. If there is too little, there is a budget deficit A shortage occurs when demand exceeds supply, leading to empty shelves and potential price increases, while a surplus arises when supply exceeds demand, resulting in excess inventory and possible price reductions. Definition of surplus. Therefore: If there is more budget than needed, there is a budget surplus. It's like having extra cookies after everyone has had enough, or more toys than you can play with! Student Dictionary for Kids Search an online dictionary written specifically for young students. They gave us the surplus apples from their orchard. knscde ferljcua itoh wci zcqti daaho iveee ghd vuu iekmilu