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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).
Intensifying the overall nursing shortage is the increasing deficit of full-time master's and doctorally prepared nursing faculty. Unfortunately, the shortage of faculty is contributing to the current nursing shortage by limiting the number of students admitted to nursing programs.nalysis of selected variables pertaining to full-time nurse faculty from the 1999 study of postsecondary faculty (unpublished data). Berlin, L.E., Wilsey, S.J, & Bednash, G.D. (2005a). 2004-2005 enrollment and graduations in baccalaureate and graduate programs in nursing.