Scarcity vs. Scarceness — What's the Difference?
Difference Between Scarcity and Scarceness
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Compare with Definitions
Scarcity
Scarcity as an economic concept "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good." If the conditions of scarcity didn't exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e.
Scarceness
Insufficient to meet a demand or requirement; short in supply
Fresh vegetables were scarce during the drought.
Scarcity
Insufficiency of amount or supply; shortage
A scarcity of food that was caused by drought.
Scarceness
Hard to find; absent or rare
Steel pennies are scarce now except in coin shops.
Scarcity
Rarity of appearance or occurrence
Antiques that are valued for their scarcity.
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Scarceness
Barely or hardly; scarcely.
Scarcity
(uncountable) The condition of something being scarce or deficient.
Scarceness
The property of being scarce.
Scarcity
(countable) An inadequate amount of something; a shortage.
A scarcity of grain
Scarceness
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.
A scarcity of snow would raise a mutiny at Naples.
Praise . . . owes its value to its scarcity.
The value of an advantage is enhanced by its scarceness.
Scarcity
A small and inadequate amount
Scarceness
A small and inadequate amount
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