
Social surplus is the sum between consumer surplus and producer surplus. Basically, this is the economic benefit that consumers and producers get when they transact in the market. The synonym for this term is economic surplus or total surplus.
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By Ahmad Nasrudin ·
Social surplus is the sum between consumer surplus and producer surplus. Basically, this is the economic benefit that consumers and producers get when they transact in the market. The synonym for this term is economic surplus or total surplus.
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