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Shortage

Published on Nov 26, 2015

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PRESENTATION OUTLINE

1.

SHORTAGE

  • Producers will not or cannot offer goods or services
  • Can be temporary or long term effect.
Photo by JD Hancock
2.

HOW

  • This can sometimes occur during the holidays
  • If you see an empty shelf on a Tuesday but full Friday, That-
  • usually means there was a small amount of goods.
Photo by Great Beyond
3.

DIFFERENCE

  • Scarcity is in contrast to shortage because it always exists.
  • Plus, the wants and needs are always greater than resource supply
Photo by ChaoticMind75
4.

EXAMPLE

  • Good example is gas
  • You see the prices increase and decrease all the time
  • Do you know why???
Photo by Greg Woodhouse Photography

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