Scarcity

/ˈskɛr.sɪ.ti/

Meaning & Definition

noun

The state of being in short supply; lack of resources.

The scarcity of water in the region has led to strict conservation measures.

Insufficient amount or supply; a situation in which something is not available in sufficient quantities.

During the drought, the scarcity of food became a pressing issue for many families.

A rare occurrence or event.

The scarcity of job openings in the field has made it difficult for new graduates to find employment.

Derived from Middle English 'scarcete', from Old French 'scarseté', from Latin 'scaritas'.

scarcity mindset

A belief system that views resources as limited and fosters competition.

artificial scarcity

A situation where supply is deliberately limited to increase demand.

scarcity principle

The idea that people assign more value to limited resources.

abundance

A very large quantity of something.

availability

The state of being available or accessible.

resource

A source of supply or support.

Hoarding

People are hoarding supplies due to the scarcity of goods.

FOMO (Fear of Missing Out)

The scarcity of tickets created a massive FOMO among fans.