Definitions for scarcityˈskɛər sɪ ti
This page provides all possible meanings and translations of the word scarcity
a small and inadequate amount
the condition of something being scarce or deficient
an inadequate amount of something; a shortage
the quality or condition of being scarce; smallness of quantity in proportion to the wants or demands; deficiency; lack of plenty; short supply; penury; as, a scarcity of grain; a great scarcity of beauties
Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources. It states that society has insufficient productive resources to fulfill all human wants and needs. Alternatively, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. In an influential 1932 essay, Lionel Robbins defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses." In biology, scarcity can refer to the uncommonness or rarity of certain species. Such species are often protected by local, national or international law in order to prevent extinction.
Sample Sentences & Example Usage
The species of life notice their differences in time of scarcity.
If we cannot clean the ponds in time, the locals will face drinking water scarcity in the hot season.
Luxury Brands build in scarcity into their marketing strategy which means they are always trying to build this mystique around certain items.
We're not playing a water scarcity theme per se, but instead the companies that are investing aggressively in technology products even in an old line industry.
In many parts of the world, you never think of water. In other parts, you think of water day and night, my mission is to end water scarcity, not only in India, but globally.
Images & Illustrations of scarcity
Translations for scarcity
From our Multilingual Translation Dictionary
- escassetat, escassesa, escassedatCatalan, Valencian
- Knappheit, MangelGerman
- έλλειψη, σπάνις, στενότηταGreek
- escasez, carestíaSpanish
- pula, vähyysFinnish
- gainnead, gainne, cionScottish Gaelic
- оскудност, недостиг, недостатокMacedonian
- escassez, carestiaPortuguese
- нехва́тка, недоста́ток, ску́дость, дефици́тRussian
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