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
"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 "inculcate" means to teach or instill. The others mean provide for or sustain.
The word requisition dates back to the 15th century. It comes from late Middle English word requisicion. It means to formally demand or request something.
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.
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.
One word: Demand. Do some research on the "Law of Supply and Demand".
shortage scarcity
The word "sufficient" means enough. The word "ample" means more than enough.
Resupply.
exact
Not good enough
Sodium and potassium have an inverse relationship. In an inverse relationship, two things are opposite and react to each other.
ms word chart with gridlines
provide
This might be the word "extra." If you have a supply of something, often that means you have extra.