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English definition of “overcapacity”


noun [U]     /ˌəʊvəkəˈpæsəti/
ECONOMICS, PRODUCTION a situation in which companies in an industry can make and supply more products than customers buy or are expected to buy : He blamed the profit collapse on overcapacity which led to the excessive discounting of holiday packages . → Compare spare capacity, undercapacity
(Definition of overcapacity noun from the Cambridge Business English Dictionary © Cambridge University Press)
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