Underutilization: meaning, definitions and examples

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underutilization

[ ˌʌndərjuːtɪlaɪˈzeɪʃən ]

^{Context #1}

in business

The state of not using something to its full potential or capacity, especially in a business or organizational context.

Synonyms

underemployment, underexploitation, underuse

Examples of usage

Underutilization of resources can lead to inefficiency and decreased productivity.
Many companies struggle with underutilization of their workforce during certain seasons.
The key to success is to identify and address areas of underutilization within the organization.

^{Context #2}

in economics

The failure to make full use of economic resources available in an economy.

Synonyms

undercapacity, underemployment, underuse

Examples of usage

Underutilization of labor can result in higher unemployment rates.
The underutilization of machinery in the manufacturing sector has impacted economic growth.
Policies need to be implemented to address the issue of underutilization in the economy.

Translations

Translations of the word "underutilization" in other languages:

🇵🇹 subutilização

🇮🇳 अल्प उपयोग

🇩🇪 Unterauslastung

🇮🇩 penggunaan yang kurang

🇺🇦 недостатнє використання

🇵🇱 niedostateczne wykorzystanie

🇯🇵 未活用

🇫🇷 sous-utilisation

🇪🇸 infrautilización

🇹🇷 yetersiz kullanım

🇰🇷 미활용

🇸🇦 قلة الاستخدام

🇨🇿 nedostatečné využití

🇸🇰 nedostatočné využitie

🇨🇳 未充分利用

🇸🇮 neizkoriščenost

🇮🇸 vanmat

🇰🇿 жеткіліксіз пайдалану

🇬🇪 არასრულად გამოყენება

🇦🇿 az istifadə

🇲🇽 infrautilización

Word origin

The term 'underutilization' originated from the word 'utilization', which dates back to the 1820s. The prefix 'under-' signifies a lack or insufficiency, creating the term to describe the inadequate use of resources. This concept is commonly used in business and economic contexts to highlight the importance of maximizing efficiency and productivity.