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A network of relationships between individuals is
Net Social Gain
The total benefit to society after subtracting the costs associated with an economic activity or policy.
Consumer Surplus
The distinction between what consumers are inclined and financially able to pay for a service or good and the actual payment made.
Welfare Loss
The decrease in social welfare, usually measured as lost economic efficiency, due to factors like taxes, subsidies, or market distortions.
Welfare Loss
The decrease in social welfare, usually measured as the loss of consumer and producer surplus, resulting from inefficient market conditions or government policies.
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