A capacity for the production of a commodity or product that is in excess of what is needed
The numerical value of overcapacity in Chaldean Numerology is: 6
The numerical value of overcapacity in Pythagorean Numerology is: 3
Sample Sentences & Example Usage
The government should not use this as a main solution to ease domestic overcapacity as any blind push would bring consequences.
The Board has concluded that refining margins are expected to remain depressed due to overcapacity in the global refining industry.
Overcapacity is a macroeconomic policy issue and I believe it needs to be solved through law and industry standards. This is the best way, rather than interfering on a microeconomic level by shutting down projects.
Asia has overcapacity in refining, so that's ruining margins, japan is exporting and product stocks are still building. In China, new refiners are exporting as much as they can, so they're flooding the market. At some stage, the refining overcapacity will have an effect on crude.
It is hard to see this year being any better than last year, and I actually think it will be worse, overcapacity is a macroeconomic policy issue and I believe it needs to be solved through law and industry standards. This is the best way, rather than interfering on a microeconomic level by shutting down projects.
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"overcapacity." Definitions.net. STANDS4 LLC, 2017. Web. 22 Aug. 2017. <http://www.definitions.net/definition/overcapacity>.