overcapacity

/ˌəʊvəkəˈpæsəti/ noun [U]

Definition

› 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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