If we look at shortage meaning, it can be defined as a situation in which something that is needed is not available in sufficient amounts. This can be because of many different reasons. For example, if a farmer goes on strike, then the stuff related to the farm, like milk, will be short for that period. And it will stay short until the strike is over. And once it is over, the same thing can be obtained again. There are many different examples which can explain the shortage. Like if the price of a product goes up because it is not available in the market and the companies want it to sell at higher prices. But that product has more demand in the supply chain than it is considered to be short. But when the sellers start making the products again and increase the production amount, then it won’t be short. Shortages are mostly created by the sellers so that the prices can go higher.

Difference 101