grievance noun [C]. âº a âcomplaint or a âstrong âfeeling that you have been âtreated unfairly: A âspecial âcommittee âinvestigates âprisonersâ grievances. (Definition of grievance from the Cambridge Academic Content Dictionary Â© Cambridge University Press).
Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods refers to the profit made in an economy, these goods could be any number of things eg money, resources .... Surplus goods are the result of an efficient economy usually one that is a free market economy.  Surplus goods are the result of an efficient economy usually one that is a free market economy. Minor edit?
What is consumer surplus, and how to calculate it. Labels: law of demand, microeconomics, surplus. Consumer surplus is when a consumer derives more benefit (in terms of monetary value) from a good or service than the price they pay to consume it. Imagine you are going to an Electronics store to buy a new flat panel TV. Before you go to the store, you decide to yourself that you are not going to pay more than $750 for a TV.