Excess of supply over demand of products being offered to an economic market
This article is about the economic concept of overproduction. For the musical term, see overproduction (music).
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Overproduction" – news · newspapers · books · scholar · JSTOR(April 2010) (Learn how and when to remove this message)
The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until conditions to do so are met.(February 2024) (Learn how and when to remove this message)
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment.
The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent.[1]
In lean thinking, overproduction of goods or goods in process is seen as one of the seven wastes (Japanese term: muda) which do not add value to a product, and is considered "the most serious" of the seven.[2]
Overproduction is often attributed to previous overinvestment – creation of excess productive capacity, which must then either lie idle (or under capacity), which is unprofitable, or produce an excess supply.
^Simpson, Brian P. (2014), Simpson, Brian P. (ed.), "Underconsumption and Overproduction Theories of the Business Cycle", Money, Banking, and the Business Cycle: Volume Two Remedies and Alternative Theories, New York: Palgrave Macmillan US, pp. 9–44, doi:10.1057/9781137336569_2, ISBN 978-1-137-33656-9, retrieved 2022-07-20
^EKU Online, The Seven Wastes of Lean Manufacturing, Eastern Kentucky University, accessed 6 March 2023
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This...
Elite overproduction is a concept developed by Peter Turchin, which describes the condition of a society which is producing too many potential elite members...
pituitary gland. The main disorders involving the pituitary gland are: Overproduction or underproduction of a pituitary hormone will affect the respective...
stimulation), as well as evaluation for gestation, pituitary adenomas (with overproduction of prolactin or compression of the pituitary stalk), and hypothyroidism...
chronic blood cancer (myeloproliferative neoplasm) characterised by the overproduction of platelets (thrombocytes) by megakaryocytes in the bone marrow. It...
number of endocrine diseases involve dysfunctions of the adrenal gland. Overproduction of cortisol leads to Cushing's syndrome, whereas insufficient production...
underlying causes of hemolysis. Hemolytic causes associated with bilirubin overproduction are diverse and include disorders such as sickle cell anemia, hereditary...
rogue plasma cell, reproduces in an uncontrolled fashion, resulting in overproduction of the specific antibody the original cell was generated to produce...
hyperadrenalism are known as Cushing's syndrome, and are caused by overproduction of corticosteroids, aldosterone, and androgenic steroids. Symptoms related...
nausea (a feeling of needing to vomit). Conditions that can cause saliva overproduction include: Rabies Pellagra (niacin or vitamin B3 deficiency) Gastroesophageal...
declines caused by falling sales of consumer goods (as a result of overproduction because of new production techniques, falling exports and income inequality...
acid diarrhea (Type 2 bile acid "malabsorption") may be caused by an overproduction of bile acids. Several groups of workers have failed to show any defect...
countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption Business...
in overproduction of certain agricultural crops. Corn is a primary example, as its overproduction drove its pricing downward. The overproduction for...
before it is needed. Examples include creating unnecessary reports and overproduction of a product before a customer has requested it. Waiting: Waiting involves...
and neoplasm describes that growth as abnormal and uncontrolled. The overproduction of blood cells is often associated with a somatic mutation, for example...
countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption Business...
States was overproducing university graduates—he termed this elite overproduction—in the 2000s and predicted, using historical trends, that this would...
also known as primary hyperaldosteronism, is characterized by the overproduction of aldosterone by the adrenal glands, when not a result of excessive...
countries Aggregate demand/Supply Effective demand General glut Model Overproduction Paradox of thrift Price-and-wage stickiness Underconsumption Business...