overproduction

overproduction definition - business

overproduction

Production of a good in excess of what is required to meet demand. Overproduction causes a surplus, which is likely to result in reduced prices for consumers.

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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