Shortage


noun
1.
a deficiency in quantity:
a shortage of cash.
2.
the amount of such deficiency.
noun
1.
a deficiency or lack in the amount needed, expected, or due; deficit

shortage definition

A condition that exists when demand exceeds supply because of a lack of equilibrium in a market. If a price is artificially low, buyers want to buy more of a good than sellers are willing to sell. (Compare surplus.)

Read Also:

  • Short-arm

    adjective pertaining to a blow from an arm partly recoiled or generating from the elbow

  • Short bill

    noun 1. a bill of exchange that is payable at sight, on demand, or within less than ten days

  • Short-billed marsh wren

    [shawrt-bild, -bild] /ˈʃɔrtˌbɪld, -ˈbɪld/ noun 1. sedge wren.

  • Shortbread

    noun 1. a butter cookie commonly made in thick, pie-shaped wheels or rolled and cut in fancy shapes. noun 1. a rich crumbly biscuit made from dough with a large proportion of butter

  • Short card

    hardware A half-length IBM PC expansion card or adaptor that will fit in one of the two short slots located toward the right rear of a standard chassis (tucked behind the floppy disk drives). See also: tall card. [What bus?] [Jargon File] (1998-07-08)


Disclaimer: Shortage definition / meaning should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All content on this website is for informational purposes only.