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  1. Dictionary
    scarcity
    /ˈskɛːsɪti/

    noun

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    More definitions, origin and scrabble points

  2. www.investopedia.com › terms › sWhat Is Scarcity? - Investopedia

    Jun 27, 2024 · Scarcity is an economic concept where individuals must allocate limited resources to satisfy their needs. Scarcity occurs when demand for a good or service is greater than...

  3. dictionary.cambridge.org › dictionary › englishSCARCITY | English meaning - Cambridge Dictionary

    SCARCITY definition: 1. a situation in which something is not easy to find or get: 2. a situation in which something is…. Learn more.

  4. www.economicsonline.co.uk › definitions › scarcity-in-economicsScarcity in Economics

    Feb 18, 2024 · Economics is the study of human behaviour when people face limited resources to satisfy their unlimited wants. Since human wants are unlimited while resources are limited, people cannot satisfy all of their wants. This problem is called the problem of scarcity and is considered a key concept in economics.

  5. dictionary.cambridge.org › us › dictionarySCARCITY | definition in the Cambridge English Dictionary

    a situation in which something is not easy to find or get: the scarcity of skilled workers. Opposites. abundance formal. plenty. SMART Vocabulary: related words and phrases. Scarce, inadequate and not enough. be at a premium idiom. be thin on the ground idiom. chronic shortage. dearth of something. insufficiency. insufficiently. lacking.

  6. www.merriam-webster.com › dictionary › scarcityScarcity Definition & Meaning - Merriam-Webster

    noun. scar· ci· ty ˈsker-sə-tē. -stē. plural scarcities. Synonyms of scarcity. : the quality or state of being scarce. especially : want of provisions for the support of life. Synonyms. crunch. dearth. deficiency. deficit. drought. drouth. failure. famine. inadequacy. inadequateness. insufficiency. lack. lacuna. paucity. pinch. poverty. scantiness.

  7. en.wikipedia.org › wiki › ScarcityScarcity - Wikipedia

    [1] Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. [2] The opposite of scarcity is abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself". [3]

  8. www.nationalgeographic.org › encyclopedia › scarcityScarcity - National Geographic Society

    Oct 19, 2023 · One of the defining features of economics is scarcity, which deals with how people satisfy unlimited wants and needs with limited resources. Scarcity affects the monetary value people place on goods and services and how governments and private firms decide to distribute resources.

  9. www.oxfordlearnersdictionaries.com › us › definitionscarcity noun - Definition, pictures, pronunciation and usage...

    noun. /ˈskeəsəti/. /ˈskersəti/. [uncountable, countable] (plural scarcities) if there is a scarcity of something, there is not enough of it and it is difficult to obtain it synonym shortage. a time of scarcity. a scarcity of resources. Extra Examples.

  10. www.learn-economics.co.uk › Definitions › ScarcityScarcity | Definition - Learn economics

    Definition. Scarcity refers to the limited availability of a resources in relation to the possible uses to which the can be put. Understanding the economic problem of scarcity is the fundamental purpose of economics as a social science.

  11. www.dictionary.com › browse › scarcitySCARCITY Definition & Meaning | Dictionary.com

    Scarcity definition: insufficiency or shortness of supply; dearth.. See examples of SCARCITY used in a sentence.

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