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    Overproduction

    /ˌoʊvərprəˈdʌkʃən/

    Meaning & Definition

    noun
    The act of producing more of a product than is needed or can be sold.
    The overproduction of goods led to significant waste and financial losses for the company.
    An excess of production capacity relative to demand.
    Farmers faced challenges due to the overproduction of crops, causing prices to plummet.
    The surplus output in economic terms, often leading to a market imbalance.
    The market suffered from overproduction, resulting in a decline in commodity prices.

    Etymology

    First known use in 1848, combining 'over' + 'production'.

    Common Phrases and Expressions

    overproduction crisis:
    A situation where overproduction leads to significant economic downturns.
    overproduction syndrome:
    Refers to the phenomenon of producing beyond sustainable limits in industries.

    Related Words

    production
    The act of creating goods or services.
    surplus
    An amount produced in excess of what is needed.
    demand
    The desire of consumers to purchase goods at given prices.

    Slang Meanings

    Cram
    Dude, they're just cramming stuff into the market without thinking!
    Flooded the market
    They've flooded the market with too many of those shoes.