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{%type%} Definitions

WordNet 3.0Copyright Princeton University
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n. - Inadequate production or less than expected.

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Usage examples (34)
  • Mill thinks that there are other goods for which market provision will lead to underproduction, which is why he thinks that the state should subsidize scientific...
  • Knapp attacked this position by claiming "underproduction" to be subjective measure, a measure typically proclaimed by fiat by the central planner.
  • Seriously, if you can't recognize that over production of defense as a public good is a much greater threat to humanity than any such "underproduction" of defense, you...
  • This chart reflects the widespread underproduction throughout the Soviet Republics.
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