Scarcity

(noun)

The condition of something being scarce or deficient.

Related Terms

  • stakeholder

Examples of Scarcity in the following topics:

  • Economic Systems

    • Alternatively, an economic system is the set of principles by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources.
    • The scarcity problem, for example, requires answers to basic questions, such as:
  • The Social Environment

    • Thus, material resource scarcity is increasing, raising supply costs and shifting us away from the old economic growth strategy based in continually increasing resource consumption (more with more), to a new growth strategy based in increasing resource performance (more with less).
  • Forces in Consumerism

    • While previously the norm had been the scarcity of resources, the Industrial Revolution created a new economic situation.
  • Demand Planning

    • Ensures that organizational requirements take precedence over issues of resource constraint and scarcity.
  • Aligning employee career development with organizational growth

    • Losing talent in an era of talent scarcity is the last thing an organization wants.
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