Overproduction

 

 

 

Overproduction

 

Glossary of business

 

Definition of overproduction

 

Overproduction is when production is above the socially optimum level. This will often occur where the production of a good results in negative externalities. These external costs (e.g. pollution) will not be taken into account by the market and this will mean that more of the good is produced than is socially desirable.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of overproduction

 

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Meaning of overproduction

 

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What does overproduction mean ?

 

 

 

 

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