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underproduce

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un·der·pro·duce  (ndr-pr-ds, -dys)
v. un·der·pro·duced, un·der·pro·duc·ing, un·der·pro·duces
v.tr.
To produce (goods, for example) at a level below full capacity or beneath the degree of demand.
v.intr.
To produce goods, for example, in a quantity insufficient to meet demand.

under·pro·duction (-dkshn) n.
under·pro·ductive (-dktv) adj.
ThesaurusLegend:  Synonyms Related Words Antonyms
Verb1.underproduce - produce below capacity or demand; "The East German factories were underproducing for many years"
produce, create, make - create or manufacture a man-made product; "We produce more cars than we can sell"; "The company has been making toys for two centuries"


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Buchanan (1973) explains that a monopoly on violence is better than a more competitive market in the protection industry because monopolists tend to underproduce.
Valuable invention and expression display public good characteristics of non-excludability and non-rivalry in consumption, which cause private markets to undercompensate inventors, authors, and artists, and thus underproduce desirable goods.
Dictatorial regimes systematically underproduce most public goods as compared to democratic ones.
 
 
 
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