excess productive capacity

基本解釋

As long as excess productive capacity exists, prices tend to reflect direct operating costs rather than capital employed.
只要產(chǎn)能過(guò)剩存在，價(jià)格就會(huì)反映直接運(yùn)營(yíng)成本，而不是所使用的資本。
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Seven years of restraint meant businesses did not have lots of marginally productive employees; stocks were lean relative to sales; and few firms had much excess capacity.
此時(shí)企業(yè)經(jīng)過(guò)七年小心精簡(jiǎn)，已不雇傭大量邊緣性生產(chǎn)人員，股價(jià)相對(duì)合理，且極少有公司存在生產(chǎn)力過(guò)?，F(xiàn)象。