Undersupply

Undersupply refers to a situation in which the quantity of goods, services, or resources available is insufficient to meet the demand or needs of a particular market, population, or context. This condition can lead to shortages, increased prices, and can impact overall economic stability.

Undersupply meaning with examples

The Undersupply of affordable housing in urban areas has led to increasing rents, making it difficult for low-income families to secure adequate living conditions.
During the pandemic, an Undersupply of face masks and sanitizers resulted in a rush to stockpile these essential items, causing prices to skyrocket and creating public panic.
The global Undersupply of semiconductors has severely impacted the automobile industry, leading to production delays and increased vehicle prices due to unmet consumer demand.
An Undersupply of qualified health care workers during the flu season can strain hospitals, leading to longer wait times and reduced care for patients in need.
The local farmers' market experienced an Undersupply of fresh produce this summer, causing vendors to limit sales and leaving many customers disappointed.

Undersupply Synonyms

curtailment dearth deficiency drought famine impoverishment inadequacy insufficience insufficience insufficiency lack paucity reduction scarcity setback shortage underproduction undersupplyment underutilization want

Undersupply Antonyms

abundance affluence ample supply bounty excess inundation overabundance overcapacity overflow oversupply plenitude plenty profusion prosperity richness saturation sufficiency superabundance surplus wealth