- situations in which the supply of a resource, goods, or services exceeds the demand for that resource, often resulting in excess inventory or reduced prices.
During the economic downturn, the company had to minimize its production to avoid surplus conditions that could lead to excessive inventory.
Start tacking to remember the definition of "surplus conditions" the next time you hear it or read it.
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The word ‘undefined‘ comes from the Latin word ‘undefinibilis‘ which means ‘incapable of being defined or described.‘ The prefix ‘un-‘ means ‘not,‘ and ‘define‘ comes from the Latin word ‘definire‘ which means ‘to determine or mark the limits of something.‘