Question

define surplus product. How is the surplus product generated in a capitalist society, and who control it?

Answer 1

Surplus Product a product which is produced more then its demand as a result of high/tough competition in the market. Surplus product generated in a capitalist society/market, becouse in capitalist society the objective is profit maximization due to that every producer tries to produce as much product to with stand in the market as a result a huge dump of product will be seen in the market, which is bad for both producers and the economy.

Surplus product is mainly controlled by the ''demand'' because after a certain point producer will stop producing the product as there will be less or no demand which will eventually ends up bringing a balance between demand and supply.