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scarcity
(redirected from Economic scarcity)

   Also found in: Legal, Financial, Wikipedia 0.12 sec.

scarcity

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



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Grady Booch will present "Software Abundance in the Face of Economic Scarcity," examining the potential of software abundance and the best practices that lead there.
HIG's ratings are based on the challenges it faces as a single state writer in a catastrophe-prone area, most specifically those of competition, economic scarcity inherent in an island economy and regulatory change.
 
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