consumer surplus
nounDefinitions
The satisfaction that a consumer gets from the price they paid compared to what they were…
The satisfaction that a consumer gets from the price they paid compared to what they were willing to pay over and above the current price, i.e. the difference between what they paid and what they were willing to pay.
The neighborhood
Vish — recursive loop
No curated loop yet for consumer surplus. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA