Meaning of “overcapacity” in the English Dictionary

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"overcapacity" in Business English

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overcapacitynoun [ U ]

uk /ˌəʊvəkəˈpæsəti/ us

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.

(Definition of “overcapacity” from the Cambridge Business English Dictionary © Cambridge University Press)