Definitions for scarcity
ˈskɛər sɪ tiscarci·ty

Princeton's WordNetRate this definition:3.3 / 4 votes

1. scarcity, scarcenessnoun

   a small and inadequate amount

WiktionaryRate this definition:3.0 / 2 votes

1. scarcitynoun

   the condition of something being scarce or deficient

2. scarcitynoun

   an inadequate amount of something; a shortage

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. Scarceness, Scarcitynoun

   Etymology: from scarce.

   1. Smalness of quantity; not plenty; penury.

   Scarcity and want shall shun you;
   Ceres’ blessing so is on you. William Shakespeare.

   Raphael writes thus concerning his Galatea: to paint a fair one, ’tis necessary for me to see many fair ones; but, because there is so great a scarcity of lovely women, I am constrained to make use of one certain idea, which I have formed in my fancy. John Dryden, Dufresnoy.

   Corn does not rise or fall by the differences of more or less plenty of money, but by the plenty and scarcity that God sends. John Locke.

   In this grave age, when comedies are few,
   We crave your patronage for one that’s new,
   And let the scarceness recommend the fare. Addison.

   They drink very few liquors that have not lain in fresco, insomuch that a scarcity of snow would raise a mutiny at Naples. Addison.

   2. Rareness; infrequency; not commonness.

   They that find fault with our store, should be least willing to reprove our scarcity of thanksgivings. Richard Hooker.

   Since the value of an advantage is enhanced by its scarceness, it is hard not to give a man leave to love that most which is most serviceable. Jeremy Collier, on Pride.

ChatGPTRate this definition:0.0 / 0 votes

1. scarcity

   Scarcity is a fundamental economic concept referring to the basic economic problem - the gap between limited resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible.

Webster DictionaryRate this definition:5.0 / 1 vote

1. Scarcitynoun

   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

WikidataRate this definition:2.8 / 6 votes

1. Scarcity

   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.

Matched Categories

1. • Insufficiency

How to pronounce scarcity?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say scarcity in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of scarcity in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of scarcity in Pythagorean Numerology is: 8

Examples of scarcity in a Sentence

1. Isaac Mashman:

   To feel obligated to finish all of your food is to be living with a mindset of scarcity. It is the little things from our childhood that have the longest impact.

2. Med Yones:

   In religion traditions, the love of money is the root of all evil. In economics, scarcity is the root of all evil.

3. Barack Obama:

   A lot of what drives bad race relations is scarcity in the working-class populations, we have all of these looming questions with globalization and downsizing. These are underlying structural problems.

4. Wayne Dyer:

   I grew up in the east side of Detroit in an area where there was very little, except for a lot of scarcity, poverty and hunger, but I never woke up saying, 'I'm an orphan again today, isn't this terrible? Poor me,' (...) there were a couple of very affluent neighborhoods nearby, but I never thought for one second that those people had more than I had. It just seemed that they got what they were entitled to, and if I really wanted those things, then I would have them, too.

5. Suzanne Scott:

   While this scarcity model certainly benefited Disney, the promise of having access to everything in the Disney vault on demand is a huge draw for fans.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=scarcity
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Scarcity
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=scarcity
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/scarcity
6. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=scarcity