overproduction; production surplus; glut
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
overproduction; glut; production surplus
formalA fundamental concept in Marxist political economy describing the inherent contradiction of capitalism, where productive capacity exceeds the purchasing power of society, leading to cyclical economic crises.
Shēng生
chǎn产
guò过
shèng剩
shì是
zī资
běn本
zhǔ主
yì义
jīng经
jì济
wēi危
jī机
de的
běn本
zhì质
tè特
zhēng征
。
Overproduction is the essential characteristic of capitalist economic crises.
Yóu由
yú于
shì市
chǎng场
wěi萎
suō缩
，
zhè这
jiā家
gōng工
chǎng厂
miàn面
lín临
zhe着
yán严
zhòng重
de的
shēng生
chǎn产
guò过
shèng剩
wèn问
tí题
。
Due to market contraction, this factory is facing serious problems of overproduction.
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Zī资
běn本
jiā家
wèi为
le了
yìng应
duì对
shēng生
chǎn产
guò过
shèng剩
，
wǎng往
wǎng往
huì会
xiāo销
huǐ毁
shāng商
pǐn品
ér而
fēi非
jiàng降
dī低
jià价
gé格
。
To deal with overproduction, capitalists often destroy commodities rather than lower prices.