Meaning & Definition of word "Overproduction"
Overproduction
/ˌoʊvərprəˈdʌkʃən/
noun:
- 1. The act of producing more of a product than is needed or can be sold.
- Example: The overproduction of goods led to significant waste and financial losses for the company.
- 2. An excess of production capacity relative to demand.
- Example: Farmers faced challenges due to the overproduction of crops, causing prices to plummet.
- 3. The surplus output in economic terms, often leading to a market imbalance.
- Example: 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 of overproduction
Meaning: Cram
● Example Sentence: Dude, they're just cramming stuff into the market without thinking!
Meaning: Flooded the market
● Example Sentence: They've flooded the market with too many of those shoes.