Search results
- DictionaryScar·ci·ty/ˈskersədē/
noun
- 1. the state of being scarce or in short supply; shortage: "a time of scarcity"
The meaning of SCARCITY is the quality or state of being scarce; especially : want of provisions for the support of life. How to use scarcity in a sentence.
SCARCITY definition: 1. a situation in which something is not easy to find or get: 2. a situation in which something is…. Learn more.
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...
Oct 19, 2023 · Scarcity. 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.
Scarcity definition: insufficiency or shortness of supply; dearth.. See examples of SCARCITY used in a sentence.
SCARCITY meaning: 1. a situation in which something is not easy to find or get: 2. a situation in which something is…. Learn more.
If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked.
A scarce good is a good that has more quantity demanded than quantity supplied at a price of $0. The term scarcity refers to the possible existence of conflict over the possession of a finite good. One can say that, for any scarce good, someone's ownership and control excludes someone else's control. [ 20]
Scarcity Sentence Examples. True scarcity is uncommon. Through the resultant scarcity of labor, much land fell out of cultivation. But in a world without scarcity, socialism can't even exist. The first noticeable effect of the crisis was a great scarcity of employment.
Definition of scarcity noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
