Scarcity vs. Scarceness

Scarcitynoun

(uncountable) the condition of something being scarce or deficient

Scarcitynoun

(countable) an inadequate amount of something; a shortage

Scarcitynoun

a small and inadequate amount

Scarcity

Scarcity as an economic concept If the conditions of scarcity didn't exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e.

Scarcenessnoun

The property of being scarce.

Scarcenessnoun

The quality or condition of being scarce; smallness of quantity in proportion to the wants or demands; deficiency; lack of plenty; short supply; penury; as, a scarcity of grain; a great scarcity of beauties.

Scarcenessnoun

a small and inadequate amount