Gains from Exchange and Trade Definition
Gains from exchange, also known as gains from trade, are the benefits that participants in a voluntary transaction receive compared to what their outcome would have been without the transaction. These gains, which motivate voluntary trade between buyers and sellers, are measured by the economic surpluses generated for the involved parties. The prospect of these gains is the primary motivation for engaging in such interactions.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.7 The firm and its customers - The Economy 2.0 Microeconomics @ CORE Econ
Ch.8 Supply and demand: Markets with many buyers and sellers - The Economy 2.0 Microeconomics @ CORE Econ
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