ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -shortage Add to list Share. A shortage is a lack of something, especially a severe lack. A drought is a shortage of water. When there’s a shortage, there’s not enough of something.

Detailed explanation-2: -insufficient. / (ˌɪnsəˈfɪʃənt) / adjective. not sufficient; inadequate or deficient.

Detailed explanation-3: -dearth, drought, famine, inadequacy, insufficiency, lack, paucity, shortage, exiguity, infrequency, rareness, rarity, scantiness, sparsity, stringency, uncommonness, want.

Detailed explanation-4: -The noun scarcity comes from the adjective scarce, which means “restricted in quantity or availability.” So scarcity is the state of there being very little of something. During a war when shipping gets interrupted, there might be a fuel scarcity, pushing people to carpool or ride bikes instead of driving.

Detailed explanation-5: -Synonym Chooser Some common synonyms of scarce are infrequent, rare, sporadic, and uncommon. While all these words mean “not common or abundant, ” scarce implies falling short of a standard or required abundance. jobs were scarce during the Depression.