What is Consumer Surplus?
1.
an economic term for the benefit you get (or retain) when you obtain something for less than you think it is really worth.
I got a new Gizmondo for 100 pounds and I would have paid up to 200 so I had a lot of consumer surplus.
That company has a monopoly so they jack up the prices to erode my consumer surplus.
Random Words:
1.
A follower of the teachings and philosophies of that legendary cook and gourmand, Ma Pee-Pod. (note the different spelling of these hom..
