glut

glut definition - business

glut

An overabundance of a good or service. A glut generally results in a falling price. For example, a glut in memory chips allowed computer manufacturers to purchase the chips at very low prices compared to last year.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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