Meaning of “scarcity” in the English Dictionary

business-english dictionary

"scarcity" in American English

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scarcitynoun [ C/U ]

us /ˈskeər·sɪ·t̬i/

a lack of something:

[ C ] A scarcity of flour makes bread, cake, and other baked goods more expensive.

(Definition of “scarcity” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"scarcity" in Business English

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scarcitynoun [ S or U ]

uk /ˈskeəsəti/ us

a situation in which something is not easy to find or get:

a scarcity of sth There is a scarcity of skilled workers in the building sector.

(Definition of “scarcity” from the Cambridge Business English Dictionary © Cambridge University Press)