benefit

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Benefit

In annuities, insurance and some government programs, the amount of money one receives under certain, stated circumstances. Benefits commonly refer to periodic payments one begins to receive following retirement, but they may also refer to welfare payments like rental assistance or food stamps. In general, benefits may be fixed at a certain amount (often determined by the amount one has contributed in premiums or taxes) or may vary according to inflation or an underlying investment portfolio.

benefit

see CONSUMER SURPLUS, VALUE CREATED MODEL.
References in classic literature ?
SOCRATES: And the other goods, such as wealth and the like, of which we were just now saying that they are sometimes good and sometimes evil, do not they also become profitable or hurtful, accordingly as the soul guides and uses them rightly or wrongly; just as the things of the soul herself are benefited when under the guidance of wisdom and harmed by folly?
I have inquired at the door, Sir Mulberry, every day,' said Ralph, 'twice a day, indeed, at first--and tonight, presuming upon old acquaintance, and past transactions by which we have mutually benefited in some degree, I could not resist soliciting admission to your chamber.
Now, if any slight innate change of habit or of structure benefited an individual wolf, it would have the best chance of surviving and of leaving offspring.
For instance, the inhabitants of Otaheite, who, when first discovered, were governed by hereditary kings, had arrived at a far higher grade than another branch of the same people, the New Zealanders, -- who, although benefited by being compelled to turn their attention to agriculture, were republicans in the most absolute sense.
I think that it would be better than this, for the students, or those who desire to be benefited by it, even to lay the foundation themselves.