'Underproduction' definitions:

Definition of 'underproduction'

(from WordNet)

noun

Inadequate production or less than expected

Definition of 'Underproduction'

From: GCIDE

Underproduction \Un`der*pro*duc"tion\, n. (Polit. Econ.) The production of less than is demanded or of less than the usual supply. --F. A. Walker. [1913 Webster]

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