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Definition of Scarcity

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

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

A conversation is a dialogue, not a monologue. That's why there are so few good conversations: due to scarcity, two intelligent talkers seldom meet.
Truman Capote

No complaint... is more common than that of a scarcity of money.
Adam Smith

There is no scarcity of opportunity to make a living at what you love; there's only scarcity of resolve to make it happen.
Wayne Dyer

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.
Kurt Bills
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