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Excess supply
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Excess supply : ウィキペディア英語版
Excess supply
''For the opposite, see: excess demand (also called economic shortage)''
In economics, an excess supply or economic surplus〔http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=excess+supply〕 is a situation in which the quantity of a good or service supplied is more than the quantity demanded, and the price is above the equilibrium level determined by supply and demand. That is, the quantity of the product that producers wish to sell exceeds the quantity that potential buyers are willing to buy at the prevailing price. It is the opposite of an economic shortage (excess demand).
In cultural evolution, agricultural surplus in the Neolithic period is theorized to have produced a greater division of labor, resulting in social stratification and class.
== Prices ==
Prices and the occurrence of excess supply illustrate a strong correlation. When the price of a good is set too high, the quantity of the product demanded will be diminished while the quantity supplied will be enhanced, so there is more quantity supplied than quantity demanded. The occurrence of excess supply either leads to the lowering of the price or unsold supply, the latter reflecting excess supply. Lowering the price of a good encourages consumers to purchase more and suppliers to produce less.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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