WebRationing refers to an artificial control on the distribution of scarce resources, food items, industrial production, etc. In banking, credit rationing is a situation when banks limit the supply of loans to consumers. In economics, rationing refers to an artificial control of the supply and demand of commodities. Description: Rationing is done ... WebSynonyms for SCARCE: sparse, poor, lacking, scanty, insufficient, scant, meager, inadequate; Antonyms of SCARCE: abundant, plentiful, sufficient, adequate, ample ...

Scarce - Definition, Meaning & Synonyms Vocabulary.com

WebJun 25, 2024 · Scarcity means we have to decide how and what to produce from these limited resources. It means there is a constant opportunity cost involved in making … WebWater scarcity is a relative concept. The amount of water that can be physically accessed varies as supply and demand changes. Water scarcity intensifies as demand increases … mediterranean chicken wrap greek

Scarcity - Definition, The Basics, and Examples in Business

WebAug 12, 2024 · In other words, an asset that is difficult to produce relative to existing (or new) supply is by definition 'scarce', and for that reason alone, "desirable". Scarcity … WebDec 13, 2024 · Scarcity is a fundamental term in economics and describes how the availability of supplies, raw materials or employees is crucial to producing goods and … WebApr 22, 2024 · Scarce items make people feel powerful: Snagging a scarce item means you have access to something other people want but can’t have--which gives the owner power. … mediterranean chickpea salad nutrition