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underconsumption

Line breaks: under|con¦sump¦tion
Pronunciation: /ˌʌndəkənˈsʌmpʃ(ə)n
 
/

Definition of underconsumption in English:

noun

[mass noun] Economics
The purchase of goods and services at a level lower than that of their supply.
Example sentences
  • The model, which seeks to offset underconsumption in the private sector by increased public sector spending, was destined to failure precisely because it ignored land speculation.
  • The latter, they said, also creamed off part of ‘surplus value,’ and so created the conditions for underconsumption.
  • Searching for an alternative program, Roosevelt embraced the ideas of advisers who believed that the fundamental problem of the Great Depression was underconsumption.

Definition of underconsumption in:

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