scarcity

[ skair-si-tee ]
/ ˈskɛər sɪ ti /

noun, plural scar·ci·ties.

insufficiency or shortness of supply; dearth.
rarity; infrequency.

Origin of scarcity

1300–50; Middle English scarsete(e) < Old North French escarsete. See scarce, -ity

Related forms

non·scar·ci·ty, noun, plural non·scar·ci·ties.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for scarcity

British Dictionary definitions for scarcity

scarcity

/ (ˈskɛəsɪtɪ) /

noun plural -ties

inadequate supply; dearth; paucity
rarity or infrequent occurrence
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Culture definitions for scarcity

scarcity


The basic problem on which classical economic theory is built: simply, that human wants will always exceed the resources available to fulfill those wants. This tenet was challenged by the rise of what John Kenneth Galbraith described as the affluent society.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.