Overproduction and stewardship

Lester DeKoster (1915 – 2009) | Acton Institute

Overproduction, simply put, is supply in excess of demand. It is the production of more goods and services than those in the market would like to purchase. Overproduction, in a well functioning market economy, should be temporary. In a dynamic market driven by entrepreneurs, resources become allocated towards their most highly valued uses. If some clever entrepreneur makes a million shoes, but only sells two pairs, he will be unlikely to overproduce in the future. This is good, because the overproduction signals to the entrepreneur that there are better ways to use the limited resources that

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