English · Work & Business
scarcity
/ˈskeə.sə.ti/
[/ˈskeə.sə.ti/]
shortage or lack
Advancednoun
Definition
Scarcity is the state of being in short supply or not enough. Speakers explore how a scarcity mindset shapes behaviour.
Example
A mindset of scarcity makes us hoard and fear.
A mindset of scarcity makes us hoard and fear.
Etymology
From Old French 'escars', meaning sparing or scanty.
How & Where It’s Used
Used in talks on economics, psychology, and decision-making.