Meaning of the word oversupply in English

What does oversupply mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

oversupply

US /ˌoʊ.vɚ.səˈplaɪ/
UK /ˌəʊ.və.səˈplaɪ/

Noun

an excessive supply of something

Example:
The market is suffering from an oversupply of housing.
An oversupply of oil led to a drop in prices.

Verb

to supply with an excessive amount of something

Example:
The market was oversupplied with cheap goods.
They tend to oversupply the demand during peak season.