OVER SUPPLY Meaning and
Definition
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Over supply refers to a situation in which the quantity or amount of a particular product or resource exceeds the demand or need for it in the market. It occurs when there is an excessive or surplus supply of a particular item beyond what consumers are willing or able to purchase at the prevailing market price.
An over supply can arise due to various factors, such as an increase in production capacity, a decrease in demand, a change in consumer preferences, or the introduction of new and substitute products. It can result in a surplus inventory or stockpile that exceeds the ability of producers or suppliers to sell their products effectively.
The consequences of an over supply can be detrimental to the market. When there is more supply than demand, producers may need to lower their prices in order to entice consumers to purchase the excess goods. This can lead to price wars between competitors and a decrease in profit margins. It may also result in decreased revenues for producers, forcing them to reduce production and potentially lay off workers. Additionally, an over supply can lead to wastage and inefficiency in resource allocation.
To address an over supply, producers may employ strategies such as reducing production levels, implementing marketing and promotional activities to increase demand, searching for alternative markets or uses for the surplus, or exploring options for diversification. Government intervention, such as import restrictions or subsidies, can also be employed to alleviate the problem of over supply in certain industries.
Common Misspellings for OVER SUPPLY
- oversuply
- oversupply
- overe-supply
- overt-supply
- over-suply
- iver supply
- kver supply
- lver supply
- pver supply
- 0ver supply
- 9ver supply
- ocer supply
- ober supply
- oger supply
- ofer supply
- ovwr supply
- ovsr supply
- ovdr supply
- ovrr supply
- ov4r supply
Etymology of OVER SUPPLY
The word "over supply" is a compound word consisting of two parts: "over" and "supply".
The word "over" comes from Old English "ofer" which means "above" or "beyond". It has its roots in the Proto-Germanic language "uber" and is related to similar words in Old High German ("ubar") and Old Norse ("yfir").
The word "supply" comes from Old French "suppli", which is derived from Latin "supplere" meaning "to fill up" or "to complete". It is further derived from the prefix "sub-" meaning "from below" and the verb "plere" meaning "to fill".
When combined, "over supply" refers to a surplus or an excessive amount of something that is provided or made available.
