Economic surplus
id:
economic-surplus-282-9954195
title:
Economic surplus
text:
In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus, is either of two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be willing to pay.
Producer surplus, or producers' surplus, is the amount that producers benefit by selling at a market price that is higher than the le
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in economics
original url:
https://en.wikipedia.org/wiki/Economic_surplus
date created:
date modified:
2023-09-21T13:25:13Z
main entity:
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image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/d/d7/Economic-surpluses.svg","width":350,"height":350}
fields total:
13
integrity:
15