Examlex
What do Hirschi's four elements of the social bond include?
Producer Surplus
The discrepancy between the acceptable payment to producers for a good or service and the real compensation they receive.
Consumer Surplus
The variance between the sum consumers are ready and able to spend on a good or service and what they really pay.
Producer Surplus
The gap between the amount producers are prepared to accept for a product or service and the actual payment they get.
Maximum Sum
The largest possible aggregate or total achieved from combining specific elements or numbers.
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