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underconsumption

underconsumption

7.4
A time when people buy less than is produced, leaving extra goods
  • noun
  • /ˌʌndərkənˈsʌmpʃən/
  • Specialized
translation icon : subconsumo
  • The New Dealers believed that the Depression resulted from underconsumption.

Examples

  • Hydrogen cannot, on its own, entirely solve each of these complex problems, which are affected not only by fuel supply but also by such factors as population, over- and underconsumption, sprawl, congestion, and vehicle dependence.

    Academic text (2001)
  • By stifling demand, sluggish or negative population growth could exacerbate, or even precipitate, "underconsumption" -- and a crisis of unemployment.

    Academic text (1997)
  • The wiki article says the Keynesian explanation is underconsumption.

    Blog text (34)
  • The result was that Keynes's theory of underinvestment and underconsumption during periods of slow or negative economic growth came to dominate economic theory for several decades.

    Academic text (1999)
  • While governments preside over economic policies that make the very rich even richer, national consumption needs to be boosted in some way to avoid underconsumption ending in outright deflation.

    Blog text (31)
  • Many experts warn that prolonged underconsumption can lead to economic instability and increased unemployment.

  • The underconsumption of goods during the recession resulted in significant losses for manufacturers.

  • To prevent underconsumption, the government introduced programs to stimulate consumer spending.

Synonyms

surplus
vsunderconsumption
192 3.1

An amount that is more than what is needed

describes low buying by people that results in those extra goods
glut
vsunderconsumption
20 6.8

A very large supply of something that lowers its price

is about low consumer purchases that lead to leftover goods rather than value change
oversupply
vsunderconsumption
4 4.5

Too much of something like goods or houses that makes prices fall

focuses on people buying less than produced causing many unsold goods
oversaturation
vsunderconsumption
6.5

There are more products or shops than customers, causing low sales

centres on consumers buying less than production, creating unsold items
nonconsumption
vsunderconsumption
  • Specialized
7.4

Keeping money or other resources instead of spending them now

is about reduced buying that creates unsold stock rather than voluntary saving
underspending
vsunderconsumption
4.4

Using less money than planned or needed

is about people buying less than produced, causing leftover stock

Antonyms

Using more food, goods, or natural resources than you need causes harm

How Much

economic consumption
  • Specialized
5.7
underconsumption
  • Specialized
7.4

Surface Forms

Morphology

underconsumption = consumption (transparent) = under + consumption

The meaning is directly derived from the prefix 'under-' (insufficient) added to 'consumption', yielding 'insufficient consumption'.

Etymology

Underconsumption combines under- ('not enough' or 'below') and consumption (from consume, 'to buy or use'). So it literally means 'not enough buying', when people buy less than is made and shops or factories have unsold goods.