The concept of consumer’s surplus does emphasize the amenities that we enjoy in a modern society. Much of the consumer’s surplus, we enjoy depends on our surroundings and the opportunities of consumption available to us, example, amenities of life in America as compared to Central Africa. It thus clarifies conjectural importance. The concept enables us to compare the advantages of environment and opportunities or conjectural benefits. The larger the consumer’s surplus, the better off is the people. The concept, thus, serves as an index of economic betterment.
Note: This is published for the internal use (of St. Philomena's College students) only and hence requires verification.
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