By the end of the 1920s, _ was not keeping pace with production. When businesses produce more goods than can be sold, _ occurs. Overproduction causes businesses to ___.

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By the end of the 1920s, ___ was not keeping pace with production. When businesses produce more goods than can be sold, ___ occurs. Overproduction causes businesses to ___.

asked Mar 26, 2024 194k views

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Pcurry · Answer 1 · 2024-03-28T05:07:13+0000

Answer:

Overproduction is the production of more of a product, commodity, or substance than is wanted or needed.

Effect of overproduction

Overproduction, or oversupply, means one has too much of something than is necessary to meet the demand of his/her market. The resulting glut leads to lower prices and possibly unsold goods. That, in turn, leads to the cost of manufacturing – including the cost of labor – increasing drastically.

Therefore, overproduction causes business to dwindle. It brings about high cost of production and low sales couple with cheap prices.

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