Let's Grow Together
Monday, March 11, 2013
consumer surplus
consumer surplus
In
economics
, the
satisfaction
(
utility
)
consumers
receive
for which they do not have to
pay
for. Or, in other
words
,
amount
of
money
by which consumers
value
a good or
service
over and above its
purchase
price
.
Read more:
http://www.businessdictionary.com/definition/consumer-surplus.html#ixzz2NAXO4rhk
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