excess supply

Definitions

Commerce

  • noun more supply at the present price than buyers want to buy

Economics

  • noun a situation in which the supply of a good or service is more than the demand

Health Economics

  • (written as Excess Supply)
    A condition that exists when the supply for a good or service exceeds its demand at the prevailing price. A condition that is not much met in health care markets but that, when it does occur, can cause enormous political grief for those seeking to eliminate it.
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