In economics, a shortage is defined as an economic condition whereby demand exceeds supply at the prevailing price. The opposite condition is called a surplus.
A shortage should not be confused with scarcity. Scarcity, the notion that all goods exist in limited supply, is considered a fundamental law of economics. A shortage, however, exists when a market can not be established or when a market is constrained in such a way that sellers can not provide enough of a good or service to satisfy all buyers who are willing to pay the prevailing price.
Well functioning markets require trust, liquidity, rapid settlement, and free access. So-called perfect markets have the following characteristics:
* Perfect information exchange among potential buyers and sellers: All parties understand the terms of sale and the characteristics of the products and services offered for sale. * Frictionless commerce. There are no costs of processing and settling transactions. Buyers and sellers have a common currency; terms of trade are established by well-defined contracts; buyers and sellers honor their contracts; markets have sufficient hours of operation and clear quickly. * All buyers and all sellers have equal and unfettered access to markets Free markets are ones that satisfy the above principles and also allow prices to fluctuate in such a way that buyers and sellers can find a common price at which all goods and services offered for sale are exchanged (that is, markets "clear"). According to the theory of free markets, a shortage will occur when a price is fixed at a level below that which would clear the market.
insufficient
Positive: Request Negative: Demand. Request means to send a request to see that person you want to see. Demand means they need her/him in this instant!
"Requisition" is related to the word "require" and means "things which are required" or "a request or demand for things which are required."
Equip is a verb that means, to supply with items that are necessary for a particular purpose.
The word 'supply' is both a verb and a noun.The noun 'supply' is a singular, common, abstract noun; a word for an amount or quantity of something that is available to use; materials or provisions stored and dispensed when needed; an amount of a commodity available for meeting a demand or for purchase at a given price; a word for a thing.Example: Our supply of milk and eggs will get us through the week.The noun forms of the verb to supply are supplier, and the gerund, supplying.
The word ample is an adjective and means more than enough. A sentence with this word is: There was an ample supply of food and drinks for the wedding guests.
One word: Demand. Do some research on the "Law of Supply and Demand".
Another word for free enterprise is free market and it means a business govorned by the laws of supply and demand and it is restrained by the government.
shortage scarcity
exact
ms word chart with gridlines
Resupply.
The word "sufficient" means enough. The word "ample" means more than enough.
The word is accede. It means agree to a request or a demand.
Not good enough
provide
This might be the word "extra." If you have a supply of something, often that means you have extra.