scarcity (/ˈskeə.sə.ti/)
noun · Advanced · Work & Business
🔊 /ˈskeə.sə.ti/
Meaning
Meaning: shortage or lack
Scarcity is the state of being in short supply or not enough. Speakers explore how a scarcity mindset shapes behaviour.
Examples
🗣 A mindset of scarcity makes us hoard and fear.
Etymology
From Old French ‘escars’, meaning sparing or scanty.
How & Where It’s Used
Used in talks on economics, psychology, and decision-making.
Tags: shortage, mindset