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Definition: Consumer surplus
Category: System of Environmental-Economic Accounting
The gain obtained by consumers because they are able to purchase a product at a market price that is lower than the highest price they would be willing to pay. http://ec.europa.eu/eurostat/ramon/statmanuals/files/UN_experimental_ecosystem_accounting_2012_EN.pdf
Source:
United Nations; European Union; Food and Agriculture Organization of the United Nations (FAO); Organisation for Economic Co-operation and Development (OECD); The World Bank, "System of Environmental-Economic Accounting 2012: Experimental Ecosystem Accounting", 2014
United Nations; European Union; Food and Agriculture Organization of the United Nations (FAO); Organisation for Economic Co-operation and Development (OECD); The World Bank, "System of Environmental-Economic Accounting 2012: Experimental Ecosystem Accounting", 2014
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