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Translate files 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.