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?
Definition of 'Consumer Surplus' Definition: Consumer surplus is defined as the difference between the consumers' willingness to pay for a commodity and the actual price paid by them, or the equilibrium price. Description: Total social surplus is composed of consumer surplus and producer surplus. It is a measure of consumer satisfaction in terms of utility. Graphically, it can be determined as the area below the demand curve (which represents the consumer's willingness to pay for a good at different prices) and above the price line.