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scarcity

[ˈskɛəsəti]

scarcity Definition

  • 1the state of being scarce or in short supply
  • 2a shortage of something

Using scarcity: Examples

Take a moment to familiarize yourself with how "scarcity" can be used in various situations through the following examples!

  • Example

    The scarcity of water in the desert is a major problem.

  • Example

    The scarcity of jobs in the area has led to high unemployment rates.

  • Example

    The scarcity of resources made it difficult to complete the project on time.

scarcity Synonyms and Antonyms

Synonyms for scarcity

Antonyms for scarcity

Phrases with scarcity

  • scarcity mindset

    a belief that there will never be enough resources, leading to feelings of fear, anxiety, and a focus on lack

    Example

    Her scarcity mindset prevented her from taking risks and pursuing her dreams.

  • the idea that people tend to place a higher value on things that are scarce or in limited supply

    Example

    The scarcity principle is often used in marketing to create a sense of urgency and increase demand for a product.

  • a mindset that focuses on what one lacks rather than what one has, leading to feelings of dissatisfaction and unhappiness

    Example

    Her scarcity mentality prevented her from enjoying the good things in her life.

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Summary: scarcity in Brief

Scarcity [ˈskɛəsəti] refers to the state of being in short supply or a shortage of something. It can apply to resources, jobs, or other items. The scarcity mindset is a belief that there will never be enough resources, leading to feelings of fear and anxiety. The scarcity principle is the idea that people tend to place a higher value on things that are scarce or in limited supply.

How do native speakers use this expression?

And

so,

you

wind

up

getting

that

scarcity

and

that

limitation,

which

helps

drive

up

some

of

the

prices.