What is the difference between lack and lack?

deficiency is a naturally recurring limitation of the availability of source or good; A shortage is a temporary restriction of the availability of the source of good for effective human intervention. Lacks and deficiency are economic problems resulting from insufficient sources or lack of economic goods. The real causes of deficiency and lack are what distinguishes two words. Limited sources that can never be supplemented by production or imports - ie oil and water - are rare. The lack of stems from the conscious decision of the producer, seller or government regulator to reduce the production of a particular source or good. Knowledge of the difference between lack and lack is very important. The commodity is usually rare. Basic goods or resources that cannot be distinguished from each other as a commodity.

oil, coal, water and soil are examples of commodities. These naturally occurring sources are also rare. Are available only in limited quantities and cannot be reproduce as soon as they are exhausted. As the population increases, demand increases for these sources as inputs of production and key factors in maintaining life. Such consumption creates an inevitable deficiency in the supply of these commodities.

In the economy, the lack of manipulation with the availability of the product for consumer in the open market is the lack of manipulation. This illustrates another difference between lack and lack. The availability of products in deficiency is driven by the price; The amount of rare goods will never change on the basis of the price. The deficiency is created when prices are at a level that creates a consumer demand that exceeds the product output. Sellers, manufacturers and manufacturers in these situations have the ability to remedy the deficiency, but have decided not at the current price level.

The law of supply and demand states that prices are rising when demand for good exceeds the supply. Consumers are willing to pay higher CENU for a product they need or wish but cannot find them easily accessible. As soon as prices reach a level that will satisfy the interventionists who have created a shortage, normal production will continue.

consumer reaction to deficiency or deficiency varies depending on the product. Gold is one of the most important sources in the world. Its rare nature makes it very valuable and makes the cost of achieving very high during the economic decline. Since most people do not need gold to make their daily routines, the price of consumers is willing to pay for it, it is cyclical.

oil is another rare source. Unlike gold, this commodity plays a key role in transport, manufactory and energy. Consumers receive oil prices for necessity.

The deficiency may cause a reaction other than consumers depending on the availability of substitute goods. For example, farmers can find that corn is required at prices for which it is not willing to prodAT and decide to reduce stocks. If corn is the basis of consumer diet, prices will increase rapidly and the lack of ends. However, if there is cheaper vegetables that can satisfy the consumer's diet requirements, they will probably buy it instead. This will end the lack of forcing farmers to increase their production of corn to regain a market share lost in spare vegetables.