- Glut
- Oversupply
Background
The global significance of surplus emerged during the Industrial Revolution, when mass production led to unprecedented accumulations of goods, agricultural products, and capital. By the early 20th century, recurring crises of overproduction and unsold inventories highlighted the destabilizing effects of surplus on economies and societies. Subsequent decades saw intensified scrutiny as globalization, technological advances, and policy shifts exposed new dimensions of surplus, prompting international debate on its management and far-reaching social, economic, and environmental consequences.
Claim
Surplus is a critical problem that demands urgent attention. Excess production leads to wasted resources, environmental harm, and economic instability. When goods pile up unsold, it signals inefficiency and mismanagement, ultimately driving down prices and hurting producers. Ignoring surplus perpetuates a cycle of waste and loss, undermining sustainability and responsible consumption. We must confront surplus head-on to protect our environment, economy, and future generations from the devastating consequences of unchecked overproduction.
Narrower
Aggravated by
Reduced by
Related
Strategy
Value
SDG
Metadata
Database
World problems
Type
(B) Basic universal problems
Biological classification
N/A
Subject
- Commerce » Purchasing, supplying
- Commerce » Merchandise
- Economics » Resource utilization
Content quality
Yet to rate
Language
English
1A4N
F4750
DOCID
11647500
D7NID
135610
Editing link
Official link
Last update
Oct 15, 2024


