Underconsumption n. : Consumption of less than is produced; consumption of less than the usual amount.

Example:


Taxonomy
underconsumption, theory, consumption, wages, stagnation, capitalists, recession, consumer demand, Mercantilism, Marxian, economist, working class, Keynesian economics, free encyclopedia, John Maynard Keynes, Malthus, workers, product.

Defination from the web:
underconsumption theory, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. ... Underconsumption theory dates to the earlier economic theory of mercantilism, and an early history of underconsumptionism is given in ...