What does scarcity mean?
Definitions for scarcity
ˈskɛər sɪ tiscarci·ty
This dictionary definitions page includes all the possible meanings, example usage and translations of the word scarcity.
Princeton's WordNet
scarcity, scarcenessnoun
a small and inadequate amount
Wiktionary
scarcitynoun
the condition of something being scarce or deficient
scarcitynoun
an inadequate amount of something; a shortage
Samuel Johnson's Dictionary
Scarceness, Scarcitynoun
Etymology: from scarce.
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.
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.
ChatGPT
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 Dictionary
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
Wikidata
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
Numerology
Chaldean Numerology
The numerical value of scarcity in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of scarcity in Pythagorean Numerology is: 8
Examples of scarcity in a Sentence
Risa Grais-Targow at consultancy Eurasia:
The devaluation will temporarily exacerbate inflation, thus contributing to rising discontent, while goods scarcity will worsen on the back of lower oil prices.
We're facing a clean water emergency in California and, despite a water-scarcity crisis caused by the worst drought on record, DOGGR is turning its back on its contamination problem until 2017, the agency is not enforcing the Safe Drinking Water Act and it is endangering precious sources of drinking water. This needs to stop now.
One of the drivers of displacement and potential conflict over the next 10 to 20 years will be climate (change) - resource scarcity, climate change is going to compound the cocktail that's driving war and displacement.
In times of scarcity, human nature is to do one's share if you think others are making similar sacrifices, when it appears others are taking more than their share, it can be reduced to every person for themselves.
It's clear that water scarcity is only going to increase, and we think that there will be a several-year investment cycle as homes and businesses look at ways to maximize the water they do have.
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Translations for scarcity
From our Multilingual Translation Dictionary
- نقصArabic
- escassedat, escassesa, escassetatCatalan, Valencian
- nedostatekCzech
- Knappheit, MangelGerman
- έλλειψη, στενότητα, σπάνιςGreek
- escasez, carestíaSpanish
- pula, vähyysFinnish
- raretéFrench
- gainne, gainnead, cionScottish Gaelic
- escasezaGalician
- kelangkaanIndonesian
- scarsitàItalian
- оскудност, недостиг, недостатокMacedonian
- niedostatekPolish
- escassez, carestiaPortuguese
- Дефицит, ску́дость, дефици́т, недоста́ток, нехва́ткаRussian
- பற்றாக்குறைTamil
- కొరతTelugu
- kıtlıkTurkish
- sự khan hiếmVietnamese
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"scarcity." Definitions.net. STANDS4 LLC, 2024. Web. 18 Mar. 2024. <https://www.definitions.net/definition/scarcity>.
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