Lack vs. Shortage

Lacknoun

(obsolete) A defect or failing; moral or spiritual degeneracy.

Lacknoun

A deficiency or need (of something desirable or necessary); an absence, want.

Lackverb

(transitive) To be without, to need, to require.

Lackverb

(intransitive) To be short (of or for something).

Lackverb

To be in want.

Lackverb

(obsolete) To see the deficiency in (someone or something); to find fault with, to malign, reproach.

Lacknoun

Blame; cause of blame; fault; crime; offense.

Lacknoun

Deficiency; want; need; destitution; failure; as, a lack of sufficient food.

Lackverb

To blame; to find fault with.

Lackverb

To be without or destitute of; to want; to need.

Lackverb

To be wanting; often, impersonally, with of, meaning, to be less than, short, not quite, etc.

Lackverb

To be in want.

Lackinterjection

Exclamation of regret or surprise.

Lacknoun

the state of needing something that is absent or unavailable;

Lackverb

be without;

Shortagenoun

A lack or deficiency; an insufficient amount.

Shortagenoun

Amount or extent of deficiency, as determined by some requirement or standard; as, a shortage in money accounts.

Shortagenoun

the property of being an amount by which something is less than expected or required

Shortagenoun

an acute insufficiency

Shortage

In economics, a shortage or excess demand is a situation in which the demand for a product or service exceeds its supply in a market. It is the opposite of an excess supply (surplus).