Meaning of “oversupply” in the English Dictionary

"oversupply" in Business English

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oversupplynoun [ C or U ]

uk /ˈəʊvəsəˌplaɪ/ us

ECONOMICS, COMMERCE a larger supply of something than is needed:

The coffee market is suffering from oversupply.
(an) oversupply of sth We have an oversupply of unsold cars.

oversupplyverb [ I or T ]

uk /ˌəʊvəsəˈplaɪ/ us

ECONOMICS, COMMERCE to provide or have more of something than is wanted or needed:

The building of office space has risen 57%, causing concern that the market will be oversupplied.

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

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