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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).
Meaning: Not sufficient to meet a need. Synonyms: inadequate; short; poor. Context examples: an inadequate income / a poor salary / money is short / on short rations / food is in short supply / short on experience. Similar: deficient; insufficient (of a quantity not able to fulfill a need or requirement)