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.
The numerical value of scarcity in Chaldean Numerology is: 9
The numerical value of scarcity in Pythagorean Numerology is: 8
Sample Sentences & Example Usage
The species of life notice their differences in time of scarcity.
The real game-changer comes when you factor in the environmental constraints – climate change, land scarcity and water scarcity, and all of these are linked.
Certainly it is a world of scarcity. But the scarcity is not confined to iron ore and available land. The most constricting scarcities are those of character and personality.
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
If at all there is a scarcity of anything on earth, then it is only the TRUST on one another; and just trust, the rest everything is provided to the people by an invisible Almighty in a sufficient quantity.
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
- sự khan hiếmVietnamese
Get even more translations for scarcity »
Find a translation for the scarcity definition in other languages:
Select another language: