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The Collaborative International Dictionary
Underproduction

Underproduction \Un`der*pro*duc"tion\, n. (Polit. Econ.) The production of less than is demanded or of less than the usual supply.
--F. A. Walker.

Wiktionary
underproduction

n. The production of an insufficient amount

WordNet
underproduction

n. inadequate production or less than expected

Usage examples of "underproduction".

Such midgets (sometimes reaching heights of only 3 feet or even less), produced by underproduction of growth hormone, retain their proper proportions and, although retaining a childlike cast of features, are not deformed, grotesque, or mentally retarded.