fundamental problem of economics where there are limited resources to fulfill society's unlimited wants

Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. The opposite of scarcity is abundance.


  • an assumption deeply integral to capitalism has been absorbed by all of us, since it is reflected in so much of what we see. I have called this the Scarcity Theory, not enough to go around: not enough love, not enough time, not enough appointments at the foodstamps office, not enough food stamps, not enough money, not enough seats on the subway. It's pervasive. We learn mistrust of each other, bone deep: everything is skin off somebody's nose.
    • Melanie Kaye/Kantrowitz To Be a Radical Jew in the Late 20th Century in The Tribe of Dina: A Jewish Women's Anthology (1986)

See also

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