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A 2014 image of product shortages in Venezuela. 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).
A. N (= shortage) [ of money, food, resources ] â escasez f, carestia carestÃ­a; [ f of, doctors ] â teachers escasez. F. B cpd scarcity Value n it has scarcity â value tiene valor por lo escaso que. [es] ËskÉÉrsÉªti [scarceness] ËskÉÉrsnÉªs â n rarete, raretÃ© f penurie pÃ©nurie f â scarcity value n valeur. f de rarete raretÃ©