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NAL Agricultural Thesaurus
U.S. Department of Agriculture

Concept Breadcrumbs

Fields of Study > economics > econometrics > consumer surplus
Economics, Trade, Law, Business, Industry > economics > econometrics > consumer surplus
Fields of Study > economics > consumer economics > consumer surplus
Economics, Trade, Law, Business, Industry > economics > consumer economics > consumer surplus
Fields of Study > human ecology > family and consumer science > consumer science > consumer economics > consumer surplus
Preferred Term:

consumer surplus

Definition:
In economics, the difference between the price that a consumer pays for a good or a service and the amount that he would be willing to pay rather than be deprived of the good or service.
Concept Schemes:
NALT Full
Broader Concept:
econometrics, consumer economics
URI:
https://lod.nal.usda.gov/nalt/28663
Download this Concept:
RDF/XMLCreated 2006-01-19, last modified 2014-11-13
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