Economic scarcity - Hutchinson encyclopedia article about Economic scarcity Printer Friendly
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scarcity
(redirected from Economic scarcity)

   Also found in: Financial, Wikipedia 0.06 sec.

scarcity

In economics, insufficient availability of resources to satisfy wants. The use of scarce resources has an opportunity cost.


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This could only happen under conditions of economic scarcity and underdevelopment that ease the task of fooling people into going to war.
So there is no economic scarcity that stands in the way of finding a compromise, but that doesn't mean that these negotiations won't be contentious.
Ultimately, many factors related to the issue of economic scarcity are inherent in Bermuda's economy and lead to high expense loads across all lines of business.
 
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