faktormangel
Faktormangel is an economic term used to describe a persistent shortage of one or more of the factors of production—the inputs used to create goods and services. The classic factors are labor, capital, land (natural resources), and entrepreneurship (the organizational ability to coordinate production). When one or more of these inputs are in short supply relative to demand, an economy’s potential output can be limited.
Causes of faktormangel vary. Demographic shifts such as an aging population or low birth rates can reduce
The consequences of faktormangel depend on which factor is scarce. Shortages of labor often push up wages
Policy responses aim to alleviate bottlenecks by expanding supply or improving matching between supply and demand.