Excess Supply

In terms of economics , a condition arises in which the quantity of goods supplied is far more than the quantity demanded and it is determined with the help of supply and demand.
                                  In other words we can say that quantity of the product that suppliers desire to sell more than the quantity that potential buyers are desire to buy at low price . It is just opposite of economic shortage which is also termed as excess demand. It is condition in which demand for goods increases from its supply in a market . Excess demand help sellers to rise the prices until the demand at that price matches with the available supply .In economics term shortage arises when for some reason .one reason is the decision by sellers or suppliers not to increase the price .The price does not rise to reach at stable level.