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
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.
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.
