consumer surplus
1consumer surplus — ➔ surplus1 * * * consumer surplus UK US noun [U or C] ► ECONOMICS BUYER S SURPLUS(Cf. ↑buyer s surplus): »The economic benefit to individuals is often measured by consumer surplus …
2consumer surplus — ▪ economics also called social surplus and consumer s surplus in economics, the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it. As first developed by Jules… …
3Consumer Surplus — An economic measure of consumer satisfaction, which is calculated by analyzing the difference between what consumers are willing to pay for a good or service relative to its market price. A consumer surplus occurs when the consumer is willing to… …
4Consumer surplus for software products — Consumer surplus can be calculated differently for software products than for other products. Customers tend to buy products with greater consumer surplus. Software companies should know what measure in their market analysis to determine their… …
5consumer surplus — the difference between the amount consumers would be willing to pay for fish and the amount they actually pay …
6Surplus — may refer to:* budget surplus, the opposite of a budget deficit * in economics, economic surplus (including producer surplus and consumer surplus), and capital surplus * an excess of production or supply over demand (see supply and demand) *… …
7surplus — ▪ I. surplus sur‧plus 1 [ˈsɜːpləs ǁ ˈsɜːr ] noun 1. [countable, uncountable] ECONOMICS an amount of something that is more than what is wanted, needed, or used: • Sugar prices fell after revised estimates of the surplus for the current crop year …
8Consumer's surplus — (Polit. econ.) The excess that a purchaser would be willing to pay for a commodity over that he does pay, rather than go without the commodity; called also {consumer s rent}. The price which a person pays for a thing can never exceed, and seldom… …
9consumer's rent — Consumer s surplus Consumer s surplus (Polit. econ.) The excess that a purchaser would be willing to pay for a commodity over that he does pay, rather than go without the commodity; called also {consumer s rent}. The price which a person pays for …
10Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… …
