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 …

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

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

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 …

3 days ago · Here’s what you need to know about the RAM shortage of 2026. Why is there a RAM shortage in 2026? The RAM shortage in 2026 can essentially be blamed on one thing: artificial …

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

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 …

1 day 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 …

Definition of shortage noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.