Overproduction (noun)

The production of a quantity of goods or resources that exceeds the demand for them, leading to a surplus and potential economic issues.

Origin:

Formed from the prefix "over-" meaning "excess" or "beyond" and the root word "production" meaning "the act of creating or manufacturing something", the word "overproduction" came into use in the early 19th century.

Examples:

1. The factory's overproduction of goods led to a decrease in profits as they were unable to sell all the products.
2. The overproduction of wheat led to a drop in prices for farmers.
3. Due to overproduction, the company had to lay off workers and close factories.
4. The overproduction of oil led to a global decrease in prices and economic struggles for oil-producing countries.
5. Overproduction can lead to wastage and environmental degradation.