Definitions for overproductionˌoʊ vər prəˈdʌk ʃən
This page provides all possible meanings and translations of the word overproduction
Random House Webster's College Dictionary
o•ver•pro•duc•tionˌoʊ vər prəˈdʌk ʃən(n.)
production in excess of need.
Category: Common Vocabulary
Origin of overproduction:
too much production or more than expected
The production of more of a commodity than can be used or sold
In economics, overproduction', oversupply or excess of supply refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. Overproduction is often attributed as due to previous overinvestment – creation of excess productive capacity, which must then either lie idle, which is unprofitable, or produce an excess supply.
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