Underconsumption

In underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. The theory formed the basis for the development of Keynesian economics and the theory of aggregate demand after the 1930s. Underconsumption theory narrowly refers to heterodox economists in Britain in the 19th...
Found on http://en.wikipedia.org/wiki/Underconsumption

Underconsumption

• (n.) Consumption of less than is produced; consumption of less than the usual amount.
Found on http://thinkexist.com/dictionary/meaning/underconsumption/
No exact match found