overproduction
/'ouvəprə'dʌkʃn/
Definition
- Noun:
- The act or fact of producing more of something than is needed or than can be used, sold, or sustained: "Overproduction" refers to a situation where the quantity of goods or commodities created exceeds the demand or the capacity for consumption.
- Excessive production beyond what is required or expected: It can also describe the output of any item, resource, or even artistic work in quantities greater than what is typical, necessary, or beneficial.
Usage Examples
- Noun:
- The economic crisis was partly caused by the overproduction of consumer goods.
- Farmers faced financial ruin due to the overproduction of corn, which drove prices down.
- The artist worried that overproduction of prints would devalue her original work.
Advanced Usage
- "to lead to overproduction": to result in an excessive supply.
- Subsidies can sometimes lead to overproduction in certain agricultural sectors.
- "chronic overproduction": a persistent, long-term state of producing too much.
- The industry has struggled with chronic overproduction for a decade.
Variants and Related Words
- Overproduce (verb): To produce in excessive amounts.
- The factory tends to overproduce during peak seasons.
- Overproductive (adjective): Characterized by or tending toward overproduction.
- An overproductive economy can lead to waste.
Synonyms
- Excess production
- Surplus production
- Glut (specifically an oversupply)
Antonyms
- Underproduction
- Shortage
- Scarcity
Related Phrases and Concepts
- Law of supply and demand: Overproduction often occurs when this economic principle is unbalanced.
- Inventory glut: A direct result of overproduction where unsold goods accumulate.
- Economic surplus: A broader term that can result from overproduction.
Noun
-
too much production or more than expected
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