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scarcity

See Also

economics [3] prices [4]

Definition

Scarcity means that what everybody wants adds up to more than there is. (Sowell, 2007, p 3)

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Links
[1] https://managingresearchlibrary.org/knowledge/blog/lexicon [2] https://managingresearchlibrary.org/about [3] https://managingresearchlibrary.org/glossary/economics [4] https://managingresearchlibrary.org/glossary/prices