👉 Underbuying in economics refers to a situation where an individual or organization makes a purchase decision that is not based on what is currently available but rather based on assumptions about future price increases. This can occur when there are fewer options available, such as limited stock of a product, and the cost of purchasing additional items outweighs any potential profit gains. Underbuying can be characterized by: - Delayed purchases: A decision to purchase an item that is not currently in high demand, rather than one
