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a situation in which there is less of something than people want or need: a shortage of sth New Orleans is suffering from an acute shortage of housing. California faces a shortage of college-educated workers that could slow its economic growth. an energy / food / water shortage.
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 .
Feb 8, 2024 · A shortage, in economic terms, is a condition where the quantity of a product or service demanded is greater than the quantity supplied at the market price. A...
a situation in which there is less of something than people want or need: a shortage of sth New Orleans is suffering from an acute shortage of housing. California faces a shortage of college-educated workers that could slow its economic growth. an energy / food / water shortage.
noun. short· age ˈshȯr-tij. Synonyms of shortage. : lack, deficit. Synonyms. crunch. dearth. deficiency. deficit. drought. drouth. failure. famine. inadequacy. inadequateness. insufficiency. lack. lacuna. paucity. pinch. poverty. scantiness. scarceness. scarcity.
A shortage of funds is preventing the U.N. from monitoring relief. [ + of] The country is suffering from a food shortage. There's no shortage of ideas when it comes to improving the education of children. Synonyms: deficiency, want, lack, failure More Synonyms of shortage. Collins COBUILD Advanced Learner’s Dictionary.
A shortage is a lack of something, especially a severe lack. A drought is a shortage of water. When there's a shortage, there's not enough of something. If you don't have enough money to pay your bills, you have a shortage of money. A bad football team may have a shortage of good players.
Shortage definition: a deficiency in quantity. See examples of SHORTAGE used in a sentence.
noun. /ˈʃɔːtɪdʒ/ /ˈʃɔːrtɪdʒ/ [countable, uncountable] a situation when there is not enough of the people or things that are needed. food/housing/water shortages. a shortage of funds. There is no shortage of (= there are plenty of) things to do in the town. Extra Examples. Oxford Collocations Dictionary. Definitions on the go.
SHORTAGE definition: a situation in which there is not enough of something: . Learn more.
