Definitions and Examples of shortage, scarcity
Learn when and how to use these words with these examples!
A situation where there is not enough of something that is needed or desired.
Example
There is a shortage of water in the desert, so people have to conserve it.
The state of being in short supply; a shortage or insufficiency of something.
Example
The scarcity of food during the war led to widespread hunger and malnutrition.
Key Differences: shortage vs scarcity
- 1Shortage refers to a lack of something that is needed or desired.
- 2Scarcity refers to a general state of being in short supply.
- 3Oversupply refers to an excess or surplus of something.
Effective Usage of shortage, scarcity
- 1Economics: Use these antonyms to describe market conditions and supply and demand.
- 2Business: Incorporate these antonyms in discussions about inventory management and production planning.
- 3Environmental Science: Utilize these antonyms to discuss resource management and conservation.
Remember this!
The antonyms shortage and scarcity convey a lack or insufficiency of something, while oversupply implies an excess or surplus of something. These words can be used in economics, business, and environmental science to describe market conditions, inventory management, and resource management.