Use BookMyEssay:Dynamic Surplus Theory Assignment Help

The dynamic surplus theory was propounded by J.B. Clark. As per this theory, profit is earned in a dynamic economy and not in a static economy. An economy where changes happen frequently is a dynamic economy while in a static economy there might be changes. No changes will happen in demand and supply. If you are struggling with the Economics assignment then you can avail of Dynamic Surplus Theory assignment help from BookMyEssay. The dynamic surplus theory is an important topic of economics and to provide you with Dynamic Surplus Theory homework writing help we have recruited skilled economics experts.

Assumptions of Dynamic Surplus Theory

The assumptions are discussed in our Dynamic Surplus Theory assignment writing help.

The changes that take place in a dynamic economy constantly include the following:

• Changes in the production methods
• Changes in human want
• Changes in the income of people and the population size
• Changes in capital formation
• Changes in organization method of a business

According to Clark, due to these changes, there are profits in a dynamic economy. The changes affect the demand as well as the supply of commodities and lead to profit. These changes are normal changes. However, at times the dynamic changes are introduced by the firms deliberately. For instance, a firm might reduce its cost by making an improvement in its production technique.

As per Clark, the entrepreneurs who take the advantages of the changes successfully in a dynamic economy make pure profit besides normal profit. Pure profits are short-term in nature. This is because the competitors initiate changes in the long run. Due to this, the demand for production factors enhances thus enhancing the factor prices and the cost of production. With an enhanced output, there is a reduction in the price of products as thus pure profits disappear.

So, according to this theory, profit is an elusive amount and can be grasped but it cannot stay. The profits in a dynamic economy stay for a short time period and thereafter disappear forever. However, generic changes happen frequently and the entrepreneur or manager should capitalize on the profit and make a profit more than the normal profit.

It might be concluded from the Dynamic Surplus theory that profit is based on emergence, disappearance, and re-emergence in a constant process.

Criticism of Dynamic Surplus Theory

This theory has been criticized on the following grounds that are highlighted in our online help with assignment on Dynamic Surplus Theory as follows:

• The risk is taken by a capitalist and not by an entrepreneur. This does not hold true because if the capitalist takes risks, the entrepreneurs become an employee.
• The theory does not provide how the profit rate is decided.
• As per the theory, whenever there are changes in the economy, there are profits. However, this is not true in reality. There might be losses too.

Exceptional Features of BookMyEssay

Students these days are greatly dependent on all assignment help. Some students look for academic writing services while some need custom assignments. Completing assignments is a troublesome and time-consuming job. Some students have multiple homework to complete and hence very little time to prepare them. Thus they feel availing top assignment help on Dynamic Surplus Theory is a great choice and they contact BookMyEssay.

We are a trusted name among the students because we provide reliable services. Our experts can assist you with all the subjects. We provide you with the best quality work at reasonable prices. Our assignments do not contain hidden prices and we never charge high prices.

You can choose from the pool of talented academic experts we have in our team. They are subject matter experts and they can offer you well-researched assignment solutions. After completing an homework, we check it through Turnitin to ensure you receive an original and authentic assignment. We also provide a free Turnitin report.

Our customer team is available round the clock to provide you with the necessary assistance and academic writing guidance. You can contact us via live chat, emails, and phone calls. We never miss the deadline and always provide you assignments on time.

So, hurry up and avail of Dynamic Surplus Theory assignment help from us.