scarcity

Definitions

General English

• noun a lack of something, the state of being scarce

General Science

• noun the infrequency with which something occurs

Economics

• noun a situation in which the demand for something exceeds the supply. This can apply to anything from consumer goods or to raw materials.

Health Economics

• (written as Scarcity)
  The general condition of life that has given rise to the dismal science. Economics is founded on the proposition that there is scarcity - i.e. that more is wanted of goods and services than is available (either to individuals or to populations). A scarce good is a good having these characteristics, in contrast to a free good.

Nearby Definitions of “scarcity”

• scantling
• Scapino
• scar
• Scaramuccia or Scaramouche
• scarce
• scarcity
• scarifier
• scarify
• scarper
• SCART
• scatter

Contexts for “scarcity”

4 definitions in context
• General English
• General Science
• Economics
• Health Economics