consumer surplus

Popular Terms
In economics, the satisfaction (utility) consumers receive for which they do not have to pay for. Or, in other words, amount of money by which consumers value a good or service over and above its purchase price.

Use 'consumer surplus' in a Sentence

In economics, before we learned about supply and demand, we learned about consumer surplus and how it effected the marketplace.
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Some people will feel that there is a consumer surplus for certain products they buy that will keep them coming back.
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If there is a consumer surplus then it is time to put out even more of your product to take advantage of the times.
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