Glut (Noun)
Meaning
The quality of being so overabundant that prices fall.
Classification
Nouns denoting attributes of people and objects.
Examples
- The recent surge in oil production led to a glut in the global market, causing prices to plummet.
- A glut of new restaurants in the city made it difficult for any one establishment to stand out and attract customers.
- The housing market experienced a glut after the economic downturn, resulting in a significant decrease in property values.
- A glut of qualified job applicants made it challenging for the company to select the best candidate for the position.
- The rise of online streaming services created a glut of original content, making it harder for individual shows to gain widespread recognition.