File:Economic-surpluses.svg · Wikimedia Commons · See Wikimedia Commons
surplus
Sign in to saveAlso known as economic surplus, total welfare, social surplus, total surplus, producer and consumer surplus, consumer and producer surplus, Marshallian surplus
monetary benefit that accrues to parties to an economic transaction
Wikidata facts
- Subclass of
- economic value
Show 4 more facts
- described by source
- National Encyclopedia of Uzbekistan
- has immediate cause
- financial transaction
- facet of
- microeconomics
- different from
- excess supply
via Wikidata · CC0
~16 min read
Encyclopedic overview
Graph illustrating consumer (red) and producer (blue) surpluses on a supply and demand chart
In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities:
Excerpted from Wikipedia’s “surplus” article, available under the CC BY-SA 4.0 licence.