Words / O / Business

oversupply

noun/ˌəʊvəsəˈplaɪ/

B2CEFR level
50/100Rarity: uncommon
TechnicalRegister

An excess of a good relative to what buyers will purchase at the prevailing price.

The oversupply of lithium crushed prices until high-cost mines were forced to idle.

Similar: glut, surfeit

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics