shortage

(redirected from Economic shortage)
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shortage

A paucity of personnel or product.

shortage

See Baby shortage, Blood shortage, Manpower shortage.
References in periodicals archive ?
In this case, the market would clear where the quantity demanded equaled the quantity supplied ([P.sub.MC], [Q.sub.MC]), and no economic shortage would exist.
In sum, the literature maintains that a free market for kidneys would increase the quantity of kidneys available for transplant, eliminate the economic shortage, and decrease but not eliminate the medical shortage.
(2.) Obviously, if the quantity demanded equaled the quantity supplied at a quantity less than that necessary to provide a kidney for everyone who needed one, a medical shortage would exist despite the absence of an economic shortage. Similarly, the use of a nonmarket system to allocate the kidneys procured through a free market necessarily entails that although the economic shortage would be eliminated, a medical shortage would persist.
"With a major windstorm, overall losses increase not only because of economic shortages in roofing materials and workmen, but because insurance companies are unable to police the volume of claims.