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 …

4 days ago · Three primary memory vendors — Micron, SK Hynix and Samsung Electronics — make up nearly the entire RAM market, and they're benefitting from this shortage.

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

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

5 days ago · The future depends on copper, but a coming shortage makes it a ‘systemic risk’ to the economy and a strategic flashpoint, S&P Global warns

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