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  1. Dictionary
    scarcity
    /ˈskɛːsɪti/

    noun

    Powered by Oxford Dictionaries

    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.khanacademy.org › ap-economics-introduction › aScarcity (article) | Basic Economic Concepts | Khan Academy

    In microeconomics, scarcity refers to the idea that resources are limited. It applies to physical resources like land, water, and oil, as well as intangible resources like time, skills, and attention. We have to make choices about how to allocate those resources. There are two main types of scarcity: absolute and relative.

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

    : 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.

  6. 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.

  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".

  8. 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.

  9. 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. gold dust. insufficiently. lacking.

  10. www.khanacademy.org › v › scarcityScarcity (video) | Basic economics concepts | Khan Academy

    Learn about the concept of scarcity, a crucial concept in the field of economics. Examine various examples of scarce resources (e.g. caviar, labor, housing) as well as free resources (e.g. air, water in certain contexts) as you learn how economics is a study of how to allocate scarce resources.

  11. 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.

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