It means to flood (the market) with goods so that supply exceeds demand. Whenever there is an excessive amount of any items (oranges, oil, tomatoes) produced than the buyer market is able to absorb, it is referred to as a glutGlut It means to flood (the market) with goods so that supply exceeds demand. Whenever there is an excessive amount of any items (oranges, oil, tomatoes) produced than the buyer market is able to absorb, it is referred to as a glut. Food retailers benefit when there is food scarcity while regular people benefit when there is a glut.. Food retailers benefit when there is food scarcity while regular people benefit when there is a glut.
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