Ask your own question, for FREE!
Economics - Financial Markets 7 Online
OpenStudy (anonymous):

What is the difference between a scarcity and a shortage

OpenStudy (anonymous):

The term scarcity means a dearth or lack of supply of an item, whereas shortage only indicates that the demand exceeds or will exceed the supply. (Shortage can also indicate a shortfall in production compared to a quota or target amount.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!