In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply (surplus).

Sep 5, 2025 · What Is a Shortage? An economic shortage occurs when demand for a product or service exceeds its supply at market price, disrupting equilibrium. Unlike scarcity, shortages …

The meaning of SHORTAGE is lack, deficit. How to use shortage in a sentence.

SHORTAGE meaning: 1. a situation in which there is not enough of something: 2. a situation in which there is not…. Learn more.

A shortage occurs when the quantity demanded of a good or service exceeds the quantity supplied at the prevailing market price. This imbalance between supply and demand leads to …

Mar 20, 2025 · In economic terms, a shortage refers to a situation where the quantity of a product or service demanded exceeds the quantity supplied at the prevailing market price.

Sep 8, 2024 · A shortage in economics refers to a situation where the demand for a good or service exceeds its supply in the market. This discrepancy arises when consumers are willing …

shortage in British English (ˈʃɔːtɪdʒ ) noun a deficiency or lack in the amount needed, expected, or due; deficit

Dec 22, 2025 · How U.S. Defense Industry Dodged a Rare-Earth Shortage After China’s Curbs America’s ability to make precision-guided missiles was threatened during Trump’s tariff war.

Jul 1, 2025 · SHRM’s data brief on understanding the U.S. labor shortage found that as of July 2025, 32.7% of job openings could not be filled by unemployed individuals whose most recent …