Definitions for scarcityˈskɛər sɪ ti

This page provides all possible meanings and translations of the word scarcity

Princeton's WordNet

  1. scarcity, scarceness(noun)

    a small and inadequate amount


  1. scarcity(Noun)

    the condition of something being scarce or deficient

  2. scarcity(Noun)

    an inadequate amount of something; a shortage

Webster Dictionary

  1. Scarcity(noun)

    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


  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.

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