Excess is when you have more of something than you need right now.
Imagine you're eating your favorite candy, maybe it's chocolate or gummy worms. You take one piece, and it’s delicious! Then you take another, and another… until your hands are full, and you can’t even hold any more. That extra candy is excess, it's the part you don't need to enjoy right now.
What Excess Feels Like
Why We Have Excess
Sometimes we get more than we need because we're excited or we don't think about what we already have. Like when you see a big pile of candy and grab it all, even if you just ate one piece!
Excess isn’t bad; it’s just extra, and sometimes that extra can be fun too!
Examples
- A bakery makes 100 cakes, but only sells 80. The extra 20 are excess.
- When a store has too many toys in stock and can’t sell them all, those unsold toys are excess.
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See also
- What are economic incentives?
- What are proximity of services?
- Gold isn’t rare. So why is it valuable?
- How Airlines Decide Ticket Prices (It’s Not What You Think)?
- George Selgin: Do we really need Central Banks?