Topic
underconsumption.
theory in economics where inadequate consumer demand exists relative to the amount produced
The journal
Open the journal →The conversation starts in the journal — be the first to post.
About underconsumption
Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The theory formed the basis for the development of Keynesian economics and the theory of aggregate demand after the 1930s.
Everything about underconsumption →