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English definition of “scarcity”

scarcity

noun [U] uk   /ˈskeə.sɪ.ti/ us    /ˈsker.sə.t̬i/
C2 a situation in which something is not easy to find or get: the scarcity of skilled workersScarce, inadequate and not enoughLacking things
(Definition of scarcity from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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