overcapacity

o·ver·ca·pac·i·ty

O0178200 (ō′vər-kə-păs′ĭ-tē)n. Excessive capacity for the production of commodities or the delivery of services in relation to actual need: The factory's overcapacity led to falling prices in the stores.

overcapacity

(ˌəʊvəkəˈpæsɪtɪ) nthe situation in which an industry or business cannot sell as much as it produces

o•ver•ca•pac•i•ty

(ˌoʊ vər kəˈpæs ɪ ti)

n., pl. -ties. capacity beyond what is normal, necessary, or desirable. [1925–30]

Translations

overcapacity

a situation in which a firm or industry has too much production CAPACITY on hand relative to current demand levels. This may be only temporary because of a downturn in the BUSINESS CYCLE. Alternatively, the decline in demand may be permanent (see PRODUCT LIFE CYCLE) or due to the industry having overinvested in new plant relative to long-run demand potential. In this case, overcapacity, leading to greater competition for limited sales is often removed by the disappearance of inefficient firms from the industry, or by RATIONALIZATION schemes involving the MERGER of firms and closure of redundant plant.

overcapacity

see EXCESS CAPACITY.

单词	overcapacity
释义	overcapacity o·ver·ca·pac·i·ty O0178200 (ō′vər-kə-păs′ĭ-tē)n. Excessive capacity for the production of commodities or the delivery of services in relation to actual need: The factory's overcapacity led to falling prices in the stores. overcapacity (ˌəʊvəkəˈpæsɪtɪ) nthe situation in which an industry or business cannot sell as much as it produces o•ver•ca•pac•i•ty (ˌoʊ vər kəˈpæs ɪ ti) n., pl. -ties. capacity beyond what is normal, necessary, or desirable. [1925–30] Translations overcapacity overcapacity a situation in which a firm or industry has too much production CAPACITY on hand relative to current demand levels. This may be only temporary because of a downturn in the BUSINESS CYCLE. Alternatively, the decline in demand may be permanent (see PRODUCT LIFE CYCLE) or due to the industry having overinvested in new plant relative to long-run demand potential. In this case, overcapacity, leading to greater competition for limited sales is often removed by the disappearance of inefficient firms from the industry, or by RATIONALIZATION schemes involving the MERGER of firms and closure of redundant plant. overcapacity see EXCESS CAPACITY.
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