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Definition.com

Scarcity is the idea that people are motivated by shortage.

Definition.com

Scarcity exists in the midst of plenty, people starving while there are unused resources, people skilled but being under-utilized.

Definition.com

Scarcity is a source of temptation — people will buy anything that is one to a customer.

Definition.com

Scarcity is a phenomenon which, during marx's time, was the system around which commodity relations were organized. Scarcity had to be endured. Today it has to be enforced.

Definition.com

Scarcity is no consequence in the most important things in life — The best things in life are never rationed. Friendship, loyalty, love do not require coupons.

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