Oversupply: meaning, definitions and examples

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oversupply

 

[ ˌoʊvərsəˈplaɪ ]

Noun
Context #1 | Noun

economics

An excess of supply over demand in a market, leading to lower prices and surplus of goods or services.

Synonyms

excess supply, glut, surplus

Examples of usage

  • There was an oversupply of oil in the market, causing prices to plummet.
  • The oversupply of housing in the area led to a decrease in property prices.

Translations

Translations of the word "oversupply" in other languages:

🇵🇹 excesso de oferta

🇮🇳 अधिक आपूर्ति

🇩🇪 Überangebot

🇮🇩 kelebihan pasokan

🇺🇦 надлишок пропозиції

🇵🇱 nadpodaż

🇯🇵 供給過剰

🇫🇷 surplus d'offre

🇪🇸 exceso de oferta

🇹🇷 arz fazlası

🇰🇷 공급 과잉

🇸🇦 زيادة العرض

🇨🇿 přebytek nabídky

🇸🇰 prebytok ponuky

🇨🇳 供应过剩

🇸🇮 presežna ponudba

🇮🇸 ofgnótt framboðs

🇰🇿 артық ұсыныс

🇬🇪 მეტისმეტი მიწოდება

🇦🇿 təklifin artıqlığı

🇲🇽 exceso de oferta

Etymology

The word 'oversupply' originated in the mid-19th century as a combination of 'over-' (indicating excess) and 'supply'. It is commonly used in economics to describe a situation where the quantity of a good or service exceeds the demand for it, resulting in a surplus. The term has been widely adopted in business and economic contexts to discuss market dynamics and pricing strategies.

See also: supplied, supplier, suppliers, supplies, supplying, undersupply.

Word Frequency Rank

At rank #27,043, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.