khủng hoảng thừa
Definition
- Noun:
- Crisis of overproduction: An economic crisis caused by capitalist productive capacity vastly exceeding the population's purchasing power, leading to a surplus of unsold goods, falling prices, factory closures, and worker unemployment.
Usage Examples
- Noun:
- Cuộc khủng hoảng thừa năm 1929 đã gây ra hậu quả nghiêm trọng trên toàn cầu. (The crisis of overproduction in 1929 caused severe global consequences.)
- Các nhà kinh tế học cảnh báo về nguy cơ khủng hoảng thừa trong ngành công nghiệp ô tô. (Economists warn of a crisis of overproduction risk in the automobile industry.)
Advanced Usage
- The term is often used in Marxist and political economic discourse to describe a fundamental contradiction in capitalist systems where production outpaces consumption.
- It can be applied metaphorically in non-economic contexts to describe a severe surplus or oversupply of any item or resource leading to systemic problems.
Variants and Related Words
- Khủng hoảng kinh tế (n): Economic crisis.
- Khủng hoảng cung - cầu (n): Supply-demand crisis.
- Dư thừa hàng hóa (n): Surplus of goods.
Synonyms
- Overproduction crisis
- Crisis of overabundance
- Glut crisis
Related Concepts
- Supply shock: A sudden change in supply that disrupts market equilibrium.
- Deflationary spiral: A situation where falling prices lead to lower production, wages, and demand, often associated with a crisis of overproduction.