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    Overproduction - Wikipedia

    • In economics, overproduction, oversupply, excess of supply, or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the sa… See more

    Explanation

    Overproduction is the accumulation of unsalable inventories in the hands of businesses. Overproduction is a … See more

    Inevitability

    Karl Marx outlined the inherent tendency of capitalism towards overproduction in his seminal work Das Kapital.
    According to Marx, in capitalism, improvements in technology and rising levels of pr… See more

    Say's law

    Say's law states that "The more goods [for which there is demand] that are produced, the more those goods (supply) can constitute a demand for other goods". Keynes summarized this "law" as asserting that "… See more

    Environmental impact

    Overproduction raises issues about the disposal of excess product stocks, which may have a significant environmental impact as well as raising additional waste disposal costs. More raw materials than necessary … See more

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