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Total Surplus
The sum of consumer surplus and producer surplus, representing the overall economic benefit to society from a market transaction.
Government Imposes
Actions taken by a government to enforce regulations, taxes, or penalties on a population or industry to achieve economic or societal goals.
Consumer Surplus
The variance between the aggregate sum consumers intend and are financially capable to allocate for a good or service and the aggregate sum they really spend.
Tax
Compulsory financial charges or other types of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
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