producer’s surplus
Definitions
Economics
- noun (written as producer's surplus)the amount by which the actual price of a product is more than the minimum which the producer would accept for it
Health Economics
- (written as Producer's Surplus)The difference between what a producer receives and the minimum required to compensate the producer for producing/selling. In the diagram, the marginal cost curve (supply curve) in a price-takers' market defines the lower boundary of the producer's surplus (the shaded area).
Marketing
- noun the amount by which the actual price of a product is more than the minimum which the producer would accept for it