Visual meaning of 'scarcity'? - learn with images, example in daily life

Visual illustration of scarcity: The condition of something being scarce or deficient - Image 1

scarcity: The condition of something being scarce or deficient - Thumbnail 1

scarcity: The condition of something being scarce or deficient - Thumbnail 2

noun

The condition of something being scarce or deficient

"The scarcity of parking spaces near the school made it difficult for students to find a spot. "

economy condition business

Visual illustration of scarcity: An inadequate amount of something; a shortage - Image 1

scarcity: An inadequate amount of something; a shortage - Thumbnail 1

scarcity: An inadequate amount of something; a shortage - Thumbnail 2

noun

An inadequate amount of something; a shortage

"a scarcity of grain"

economy business finance demand amount