How to pronounce Scarcity?

The correct way to pronounce Scarcity is [SKAIRS-eh-tee]. Emphasis is on the 2 syllable. To learn how to pronounce Scarcity, listen and repeat:

What's the definition of Scarcity?

Scarcity – scarcity refers to the limited availability of a resource or commodity. It occurs when demand exceeds supply, creating a shortage. This concept applies to various contexts such as food, water, and money. Scarcity can lead to competition among users for the limited resources. Understanding scarcity is crucial for economics and resource management.

Examples of usage of Scarcity

  1. The scarcity of fresh water in some regions leads to serious health issues.
  2. During the drought, there was a scarcity of food in the affected areas.
  3. Economists study scarcity to understand market dynamics and consumer behavior.
  4. The pandemic created a scarcity of essential medical supplies.
  5. In nature, the scarcity of certain species can impact the entire ecosystem.