Definitions for "Shortage"
Amount or extent of deficiency, as determined by some requirement or standard; as, a shortage in money accounts.
General: less than needed or ordered. Difference between the quantity required and that delivered.
The situation that results when the quantity demanded for a product exceeds the quantity supplied. Generally happens because the price of the product is below the market equilibrium price. View Capstone Lesson(s) that address this concept
Keywords:  fewer, shipment, kokua, soc, layman
Fewer workers than jobs (see Career Kokua Occupations, Outlook section).
The number of pieces in a shipment are less that the piece count shown on the movement document.
Everybody knows what this word means, right?  It means that you have less of something than you need or would like to have.  But this layman's definition isn't good enough for SSI work.  The term “shortage” as used here applies to a specific occupation or set of skills. A specific occupation (say, Registered Nurses {SOC 29-111)) is in shortage in a particular area if employers in that area are unable to recruit and/or retain as many workers in that occupation as they would be willing to employ under current labor market and workplace conditions.   In other words, the word “shortage” refers to the excess of demand over supply, under conditions as they exist or are expected to exist – if nothing is done about it.
A shortfall of a product's order or weight or of money.
It refers to the shortfall of funds that a family may have to face in the event of death of the policyholder. This happens when expenses exceed family income.
Keywords:  acute, insufficiency
an acute insufficiency
the property of being an amount by which something is less than expected or required
An amount less than what the actual accounted figure should be.
Keywords:  premium, single, policy
Single Premium Policy