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  • Welfare Analysis of Markets

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    Dudz Matienzo
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    This document discusses how markets create economic value through consumer surplus, producer surplus, and government tax collection. Consumer surplus occurs when consumers can purchase goods and services for less than they value them, while producer surplus happens when producers can sell items for more than the cost to produce them. Markets also provide efficiency and an opportunity for governments to collect taxes.

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    This document discusses how markets create economic value through consumer surplus, producer surplus, and government tax collection. Consumer surplus occurs when consumers can purchase goods and services for less than they value them, while producer surplus happens when producers can sell items for more than the cost to produce them. Markets also provide efficiency and an opportunity for governments to collect taxes.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    11 views7 pages

    Welfare Analysis of Markets

    Uploaded by

    Dudz Matienzo
    This document discusses how markets create economic value through consumer surplus, producer surplus, and government tax collection. Consumer surplus occurs when consumers can purchase goods and services for less than they value them, while producer surplus happens when producers can sell items for more than the cost to produce them. Markets also provide efficiency and an opportunity for governments to collect taxes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Welfare Analysis of

    Markets
    How Economic Value is Created by a Market

    Consumers when they can purchase goods


    and services for less than they value the use
    of the items.
    Producers when they can sell goods and
    services for more than each item cost to
    produce
    The government when markets provide an
    opportunity to collect taxes.
     Consumer Surplus
     Producer Surplus
     Efficiency Market
    Thank You!!!

    Prepared by: Danilyn Vanguardia

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