a _ means that a business made too much and may waste money on resources making products that will not get used or be thrown out.
surplus
shortage
equlibruim occurence
surplus
The correct answer is "surplus."
The term you are looking for is a "surplus." Surplus refers to a situation in which a business produces or acquires more goods or resources than it can sell or use effectively. This can result in wasted resources and potentially financial losses.
To understand this concept better and differentiate it from other related terms, here is an explanation of each:
1. Surplus: As mentioned above, a surplus occurs when there is an excess supply of goods or resources. It typically happens when the demand for a product decreases or when there is an overproduction. A surplus is generally considered unfavorable because it can lead to financial losses and the wastage of resources.
2. Shortage: In contrast to a surplus, a shortage refers to a situation where the demand for a product exceeds its supply. In this case, businesses might struggle to meet the demand, leading to scarcity in the market. Shortages can create increased demand and potentially higher prices for the product.
3. Equilibrium occurrence: This phrase does not directly relate to the concept you mentioned. However, "equilibrium" refers to a state of balance or stability in supply and demand. In economics, specifically, it refers to the point at which the quantity supplied matches the quantity demanded, resulting in no excess or shortage.
To summarize, a "surplus" signifies that a business has made excess products or obtained too many resources, which can lead to wastage and potential financial implications.