In mainstream economics, economic surplus (also known as total welfare or Marshallian surplus refers to 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.
Economic surplus
Last Updated: By Shailesh Kumar, MBA . Learn to Beat the Market | Get the Value Investing Case Studies | Get Our Value Stock Picks