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.
Chambers 20th Century Dictionary
ō′vėr-pro-duk-shun, n. the act of producing a supply of commodities in excess of the demand.
The numerical value of overproduction in Chaldean Numerology is: 4
The numerical value of overproduction in Pythagorean Numerology is: 6
Sample Sentences & Example Usage
The fall in the price of oil has helped tanker demand and has helped tanker earnings significantly, this OPEC overproduction has helped. You had more demand coming out and also you had more demand to store the cheap oil.
Ours is a culture based on excess, on overproduction; the result is a steady loss of sharpness in our sensory experience. All the conditions of modern life -- its material plenitude, its sheer crowdedness -- conjoin to dull our sensory faculties.
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"overproduction." Definitions.net. STANDS4 LLC, 2017. Web. 26 Apr. 2017. <http://www.definitions.net/definition/overproduction>.