Economic surplus facts for kids
An economic surplus is when you have more of something in the economy than people demand. There are two types:
Consumers' surplus is the gain by consumers who can buy a product for less than the highest price that they would be willing to pay.
Producers' surplus is the amount got by producers who sell at a market price higher than the least they would be willing to sell for.
Images for kids
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Producer Surplus
See also
In Spanish: Excedente para niños
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Economic surplus Facts for Kids. Kiddle Encyclopedia.