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 are often …

4 days ago · Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The world is on track for a copper shortage that would pose a “systemic risk” to global economic growth ...

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

The shortage of both labor and development capital restricted families to exploiting their land extensively by woodcutting, or through specialized farming, as in market gardens.

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 and able to …

SHORTAGE definition: a deficiency in quantity. See examples of shortage used in a sentence.

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 an increase in the …

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.

Economic shortages are situations where unequal market supply and demand prevail. An increase in demand, a decrease in supply, and government interventions are reasons for the economy's …