I'm always using china as an instance cause I really like their system they make sure every child after their secondary school is engaged in one production or the other and after producing they make sure it is exported and they also deal with high consumption of home made products so for that they are super successful in Economy. That is the area my country is lacking knowledge we have the potentials to do things we want but we're not doing them we basically focus on consumption.
Elon musk made a statement saying, when you give a monkey bananas and also give them money they would prefer the bananas over the money not knowing the money can even buy them more bananas..I just wish I could talk to my country people and make them understand economical terms especially in this period that we are facing economical challenges.
I highly recommend studying how China's economy is tripled. Just a hint with three words: “import-oriented economy”.
And regarding “producers must outnumber buyers”. Tell me how you see the situation, greatly simplified for understanding and “calculation”:
You and 5 bread producers live in your city. You ... well, let's say you're a fisherman who can supply fish to the bread makers. Tell me how your town will live within the framework of your concept ?
The free market is self-regulating! If there are more producers than necessary, there is a forced drop in prices to the level of economic feasibility or product quality (to reduce production costs), which then leads to a reduction in the number of producers. And when demand (number of consumers) grows - more producers appear, competition grows ... These are the basics of the market