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scarcity

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scarcity

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



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? Mentioned in ? References in classic literature
 
" At that moment the master himself entered, and having had to complain that his oxen had not been properly fed, he went up to their racks and cried out: "Why is there such a scarcity of fodder?
The chateau of Vaux-le-Vicomte, situated about a league from Melun, had been built by Fouquet in 1655, at a time when there was a scarcity of money in France; Mazarin had taken all that there was, and Fouquet expended the remainder.
The same is also observed in many others with respect to natural children; but it is through want of citizens regularly born that they admit such: for these laws are always made in consequence of a scarcity of inhabitants; so, as their numbers increase, they first deprive the children of a male or female slave of this privilege, next the child of a free-woman, and last of all they will admit none but those whose fathers and mothers were both free.
 
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