{"id":9235,"date":"2022-12-11T19:23:50","date_gmt":"2022-12-11T18:23:50","guid":{"rendered":"https:\/\/www.difference101.com\/?p=9235"},"modified":"2022-12-11T19:23:58","modified_gmt":"2022-12-11T18:23:58","slug":"scarcity-vs-shortage","status":"publish","type":"post","link":"https:\/\/www.difference101.com\/scarcity-vs-shortage\/","title":{"rendered":"Scarcity vs. Shortage: What\u2019s The Difference Between Scarcity And Shortage?"},"content":{"rendered":"\n

Scarcity vs. Shortage<\/strong>: Economics is the branch which deals with the determination of distribution, production and consumption of the staff produced by different organizations and companies. This field involves a lot of different terms. Scarcity and shortage are one of those. The main difference between scarcity and shortage is that scarcity is the limitation of something in its natural form, while shortage is a situation in which the thing needed cannot be obtained at that time.<\/p>\n\n\n\n

Let\u2019s take a closer look at Shortage versus Scarcity<\/strong><\/p>\n\n\n\n

Nature<\/strong><\/td>Scarcity is permanent, while shortage Is Temporary<\/td><\/tr>
Created By<\/strong><\/td>Scarcity Is created naturally, while shortage is by market<\/td><\/tr>
Used For<\/strong><\/td>Scarcity is used for natural resources and shortage of products and services.<\/td><\/tr>
Result From<\/strong><\/td>Scarcity results from falling prices, while shortage comes from rising prices.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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Table of Contents<\/p>\n