noun
- the production of goods or commodities in quantities that exceed demand or market needs
Usage: commonly used in economics and business contexts
Examples
- The overproduction of wheat led to a sharp drop in prices.
- Factory overproduction resulted in warehouses filled with unsold inventory.
- Economists warned that overproduction in the automotive industry would cause layoffs.
- The company faced financial losses due to overproduction of seasonal items.
- Overproduction of oil contributed to the global energy market collapse.
- Farmers struggled with overproduction as crop yields exceeded consumer demand.