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.
Biology A producer is anything that can make its own food, like plants. Producers are usually the start of the food chain. (An organism that captures energy from sunlight and transforms it into chemical energy that is stored in energy-rich carbon compounds. Producers are a source of food for other organisms.).