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Overproduction

usgb/ˌəʊvərprəˈdʌkʃn/Volume
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LampPro Tip 1/3
Economic ImpactPlay
Understand overproduction's role in economies, leading to surplus which affects market prices. SlideOverproduction of crops forced farmers to sell at lower prices.
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Business PlanningPlay
Recognize the importance of demand forecasting to prevent overproduction and wasted resources. SlideThe company curbed overproduction by better predicting holiday sales.
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Consumer PerspectivePlay
Note the effects on consumers, who may benefit from price drops when overproduction occurs. SlideGadget overproduction meant cheaper electronics for shoppers.