Examlex
The ______ person is interested in power and influence.
Total Surplus
The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of a good or service.
Gains From Trade
Gains achieved by dividing tasks and trading; in this way people can get more of what they want through trade than they could if they tried to be self-sufficient.
Total Surplus
The sum of consumer surplus and producer surplus; a measure of the total benefit to society from a market transaction.
Consumer Surplus
The differential between consumers’ readiness to pay a certain amount for a service or good and the payment completed.
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