What does Scarcity mean?
The state of being in short supply; the fundamental economic problem of limited resources vs. unlimited wants.
The principle of Scarcity dictates that resources are finite, forcing societies to make choices.
Scarcity in German, French, Spanish and Italian
GermanKnappheit
also Mangel
Kernproblem der Wirtschaft: Bedürfnisse sind unbegrenzt, Ressourcen nicht.
FrenchRareté
also Pénurie
Insuffisance des ressources par rapport aux besoins illimités.
SpanishEscasez
Problema básico de tener deseos ilimitados en un mundo de recursos finitos.
ItalianScarsità
also Penuria
Disponibilità limitata di un bene rispetto alla sua domanda.
Common phrases with Scarcity
- principle of scarcity
- resource scarcity
- economic scarcity
Synonyms and opposites for Scarcity
- Synonym Shortage
- Synonym Deficiency
- Opposite Abundance
- Opposite Surplus