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 …

16 hours ago · Here's what you need to know about the penny shortage and the Federal Reserve's choice to assist in the shortage.

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.

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.

3 days ago · Apple has been scrambling to solve a glass cloth shortage, with the supply crunch projected to last until at least the second half of 2027.

18 hours ago · AI companies’ need for a once obscure and affordable type of microchip threatens to drive up prices of all electronics—and limit data-center ambitions.

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 employment …

Drug shortages can adversely affect drug therapy, compromise or delay medical procedures, and result in medication errors. ASHP and its partners keep the public informed of the most current drug …