Examlex
During the 1980s, the role of business technology changed from supporting business to doing business.
Producer Surplus
The difference between the amount producers are willing and able to supply goods for versus the amount they actually receive due to market prices.
Total Surplus
The sum of consumer surplus and producer surplus, representing the total net gain to society from the production and consumption of goods and services.
Tariff Revenue
Income that a government collects from imposing duties on imported goods.
Consumer Surplus
The divergence between the amount consumers are willing to pay for a product or service and the amount they actually pay.
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