from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The production of an insufficient amount
from the GNU version of the Collaborative International Dictionary of English
- n. The production of less than is demanded or of less than the usual supply.
from The Century Dictionary and Cyclopedia
- n. Production that is less than normal, or inadequate to the demand.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. inadequate production or less than expected
Sorry, no etymologies found.
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 research and the arts (V. xi.15).
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 are hopeless muddled, at least from libertarian perspective.
Knapp attacked this position by claiming "underproduction" to be subjective measure, a measure typically proclaimed by fiat by the central planner.
Overproduction happens all the time (look at Crocs), often after a lengthy period or perception of underproduction (again, see Crocs).
One in five older people take levothyroxine for hypothyroidism, an underproduction of thyroid hormone that occurs with aging.
As economic analyst Robert Shaw explains, Kenya's underproduction of staple items has placed it dangerously at the mercy of local and global economic instability.
In my judgment, American labor will see a net shift away from computer-related fields into all others (where there will now be a relative underproduction) but particularly into the biomedical fields.
When the immune system attacks GAD, it leads to an underproduction of GABA.
Bove, of Rochdale Securities, said the crisis was a result of years of over-consumption and underproduction in the West which caused money to flow to Asia and other big exporters, which caused debt accumulation in the U.S. and a desire for higher-yielding securities -- like subprime mortgage-backed securities -- elsewhere.
Still others can directly stimulate or inhibit the endocrine system, causing overproduction or underproduction of hormones.