overproduction

/'ouvəprə'dʌkʃn/

Thân thiện

A factory's overproduction of plastic toys filled the warehouse.

Definition

1. 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.

Học thuật

Noun

1. too much production or more than expected

Từ đồng nghĩa

• overrun