Preferred Term:
producer surplus
Definition:
In economics, the difference between the price that a producer sells a good or service at and the amount that he would be willing to accept in exchange for the good or service.
Concept Schemes:
NALT Full
Broader Concept:
URI:
https://lod.nal.usda.gov/nalt/225086
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RDF/XMLCreated 2014-08-19, last modified 2014-11-17