What is a glut in the market?
According to BusinessDictionary.com, a glut is: “A market situation where the supply of a good or service far exceeds its demand, usually resulting in a substantial fall in its price.”. In economics, a glut is an oversupply, overproduction, or excess of supply over demand.
What does gas glut mean?
Gas glut means to stop eating so many beans. Glut means an oversupply. With generation Y graduating college, there is a glut of liberal arts majors right now. After the glut of cheese products, high school students around the country were eating free grilled-cheese sandwiches provided by the USDA for months and months.
What is the meaning of Glutting?
verb (used with object), glut·ted, glut·ting. to feed or fill to satiety; sate: to glut the appetite. to feed or fill to excess; cloy. to flood (the market) with a particular item or service so that the supply greatly exceeds the demand.
What is the root word of glut?
An oversupply: A glut of gasoline caused prices at the pump to fall. [Middle English glotten, probably from Old French glotoiier, to eat greedily, from Latin gluttīre .] American Heritage® Dictionary of the English Language, Fifth Edition.
What does supply glut mean?
countable noun [usually singular] If there is a glut of something, there is so much of it that it cannot all be sold or used. [...]
What is an example of glut?
To glut is defined as to eat or supply an excess. When you binge on ice cream, this is an example of when you glut. The definition of a glut is a supply of something that is greater than the demand. If there are too many houses on the market and not enough buyers, this is an example of a glut of houses.
What causes a glut?
The shift from spending more than one earns to spending less than one earns (in the aggregate) causes a sustained drop in effective demand, and hence a general glut.
What is glut synonym?
synonyms for glutoversupply.saturation.surplus.excess.nimiety.plenitude.superfluity.surfeit.More items...
What does it mean to be glutted?
v.tr. 1. To fill beyond capacity, especially with food; satiate: The lions slept after they glutted themselves on the kill. 2. To flood (a market) with an excess of goods so that supply exceeds demand.
Is glut a positive or negative connotation?
WNW defines “glut” (as a verb) as “to eat like a glutton; overindulge” or “to feed, fill, supply, etc. to excess.” The noun definition has less negativity: “a glutting or being glutted” or “a supply of certain goods that is greater than the demand.” But “glut,” used about half as often as “slew” but more frequently ...
What is glut controversy?
In 1803, Jean-Baptiste Say examined, in his book, the evolution of trade between Great Britain and Brazil. He realized that the only way for Brazil to buy British goods was to supply Brazilian goods to Britain in order to obtain the sterling necessary to demand English goods.
What kind of glut can actually exist and why can it be a problem for the macroeconomy?
Last, what kind of "Glut" can actually exist and why can it be a problem for the macroeconomy? It was a response to mercantilist views at the time, that money is the source of wealth. The glut that can occur is the general glut, where there is a widespread excess of supply over demand.
Is a main book by JB Say?
In 1803, he published his principal work, the Traité d'économie politique ou simple exposition de la manière dont se forment, se distribuent et se composent les richesses. Having proved unwilling to compromise his convictions in the interests of Napoleon, Say was removed from the office of tribune in 1804.
What are antonyms for glut?
What is the opposite of glut?dearthscarcitylackpaucityshortagewantinsufficiencyneeddeficiencyinadequacy32 more rows
What is a synonym for abundance?
In this page you can discover 91 synonyms, antonyms, idiomatic expressions, and related words for abundance, like: plenty, plethora, profusion, opulent, copiousness, copious, prolific, much, lush, satiety and surplus.
What is the dictionary definition of superfluity?
superfluity. / (ˌsuːpəˈfluːɪtɪ) / noun. the condition of being superfluous. a quantity or thing that is in excess of what is needed.
Definition of glut
1 : to flood (the market) with goods so that supply exceeds demand The market is glutted with oil.
Choose the Right Synonym for glut
satiate, sate, surfeit, cloy, pall, glut, gorge mean to fill to repletion. satiate and sate may sometimes imply only complete satisfaction but more often suggest repletion that has destroyed interest or desire.
Examples of glut in a Sentence
Recent Examples on the Web: Verb The internet is glutted with second-by-second countdown clocks and the mania is even spurring a hike in hiring by crypto firms worldwide. — Vildana Hajric, Bloomberg.com, 19 Mar. 2020 Now, thanks largely to those export terminals, the global market is glutted. — Ryan Dezember, WSJ, 2 Mar. 2020
Kids Definition of glut
2 : to flood with goods so that supply is greater than demand The market is glutted with new cars.
