Examlex
Contrast the typical embryonic development of protostomes and deuterostomes.
Total Surplus
The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from trade.
Consumer Surplus
The separation between what consumers envisage paying for a good or service and the amount they actually disburse.
Producer Surplus
The gap between the price that sellers are ready to take for a product or service and the actual price they get from the market.
Deadweight Loss
An economic inefficiency that arises when the balance for a product or service is either not attained or cannot be attained.
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