underproduction

American  

[uhn-der-pruh-duhk-shuhn] / ˌʌn dər prəˈdʌk ʃən /

noun

1. production that is less than normal or than is required by the demand.

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underproduction British  

/ ˌʌndəprəˈdʌkʃən /

noun

1. commerce production below full capacity or below demand

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Other Word Forms

• underproductive adjective
• underproductivity noun

Etymology

Origin of underproduction

First recorded in 1885–90; under- + production

Example Sentences

The abnormal scarcity — compounded by the region’s long-running underproduction of housing — emerged when homeowners chose not to sell and give up pandemic-era mortgage rates.

From Los Angeles Times

"Market for new homes continues to benefit from historically low levels of resale inventory, favorable long-term demographic trends, and the persistent underproduction of homes for well over a decade," said CEO Douglas Yearley.

From Reuters

In fact, it has been estimated that King County needs to spend an additional $450 million to $1.1 billion per year to make up for years of housing underproduction.

From Seattle Times

L.A.’s decades of underproduction and depth of need show how hard it will be to provide housing.

From Los Angeles Times

The oil market will see a small surplus of just 0.4 million barrels per day in 2022, much less than forecast earlier, according to OPEC+ sources, due to underproduction by the group's members.

From Reuters