Undersupply: meaning, definitions and examples

⚠️

Add to dictionary

undersupply

[ ˌʌndər.səˈplaɪ ]

^{Context #1}

economics

A situation where the quantity of a good or service supplied is less than the quantity demanded at a given price. Undersupply can lead to shortages and price increases.

Synonyms

deficiency, scarcity, shortage

Examples of usage

There was an undersupply of face masks during the pandemic, leading to price gouging.
The undersupply of affordable housing in urban areas has become a major social issue.

Translations

Translations of the word "undersupply" in other languages:

🇵🇹 subfornecimento

🇮🇳 अपर्याप्त आपूर्ति

🇩🇪 Unterversorgung

🇮🇩 kekurangan pasokan

🇺🇦 недопостачання

🇵🇱 niedobór dostaw

🇯🇵 供給不足

🇫🇷 sous-approvisionnement

🇪🇸 subabastecimiento

🇹🇷 yetersiz tedarik

🇰🇷 공급 부족

🇸🇦 نقص الإمداد

🇨🇿 nedostatečné dodávky

🇸🇰 nedostatočné zásobovanie

🇨🇳 供应不足

🇸🇮 nezadostna oskrba

🇮🇸 ófullnæging

🇰🇿 жеткіліксіз жеткізу

🇬🇪 მიწოდების ნაკლებობა

🇦🇿 çatışmazlıq

🇲🇽 subabastecimiento

Word origin

The term 'undersupply' originated in the field of economics, specifically in the context of supply and demand dynamics. It is used to describe a situation where the available quantity of a good or service is insufficient to meet the demand for it. The concept of undersupply plays a crucial role in understanding market forces and pricing mechanisms. Over time, the term has been widely adopted in various industries and disciplines to highlight the imbalance between supply and demand.