👉 Overproduction, in economics and business management, is a situation where an industry or company has produced too much of a good or service. This excess output may be used for marketing purposes, but it does not meet consumer demand. As a result, there is a surplus of goods on the market, leading to prices that are higher than what consumers would pay. Overproduction can also lead to job losses and economic instability if the excess production exceeds the available supply.