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Definition of Scarcity


  1. 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.

Scarcity Quotations

Saving our planet, lifting people out of poverty, advancing economic growth... these are one and the same fight. We must connect the dots between climate change, water scarcity, energy shortages, global health, food security and women's empowerment. Solutions to one problem must be solutions for all.
Ban Ki-moon

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell

Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
David Ricardo

Most plain girls are virtuous because of the scarcity of opportunity to be otherwise.
Maya Angelou

No complaint... is more common than that of a scarcity of money.
Adam Smith
More "Scarcity" Quotations

Scarcity Translations

scarcity in German is Knappheit, Mangel
scarcity in Italian is strettezza
scarcity in Spanish is escasez
scarcity in Swedish is knapphet
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