Definition of underconsumption in English:


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


[mass noun] Economics
  • The purchase of goods and services at a level lower than that of their supply.
    More 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.

More definitions of underconsumption

Definition of underconsumption in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
a powerful whirlpool in the sea