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Consumers surplus (Kcs)

Definition
An economic measure of consumer satisfaction: the amount that consumers benefit by being able to purchase a product for a price that is less than they would be willing to pay. (Source: Team)
Broader Term
Economic analysis (Kc)
Related Terms (Hierarchical)
Economic development (Kcb)
Economic efficiency (Kcd)
Economic forecasting (Kcf)
Economic growth (Kcg)
Economies of scale (Kcm)
Producers surplus (Kct)
Elasticity (Economics) (Kcu)