scarcity

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Scarcity

In classical economics, the fact that resources are limited while desires are unlimited. The existence of scarcity requires the efficient allocation of resources and drives innovation to work around limitations. That is, scarcity often refers to trading one good or service for another, but it may cause an economic actor to invent something that will satisfy as many desires as possible. See also: Land, labor, and capital.

scarcity

the limited availability of economic resources (FACTORS OF PRODUCTION) relative to society's unlimited demand for GOODS and SERVICES. See ECONOMICS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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To test our hypothesis that dual use of VA and Part D prescription benefits to obtain antihypertensives would increase likelihood of medication undersupply and oversupply, we used multinomial logistic regression.

Effect of Dual Use of Veterans Affairs and Medicare Part D Drug Benefits on Antihypertensive Medication Supply in a National Cohort of Veterans with Dementia

Stefan Burch, Saudi Arabia general manager at Knight Frank said: ''in order to address the housing undersupply issue, the government has launched a number of projects in recent years - although not all of these have achieved the success that had been envisioned.

House prices rise in Riyadh despite new supply

This period of undersupply had eroded stocks, and so the extra supply is now enabling countries such as China to rebuild their stockpiles.

QNB: Oil prices rebound despite healthy supply

Thesis 4 reveals that a general scarceness in supply of rare earths will not prevail until 2016, instead of that a mixture of oversupply and undersupply can be expected.

"Rare Earths and Automation Technology" - New Quest Research

"Development projects that are likely to remain viable and in demand are those in prime locations in major cities where there is an undersupply of shopping centre space and a large population."

Shopping centre development slows; business Business briefing

"We anticipate Bahrain's residential market to have substantial undersupply in the affordable homes segment as developers continue to focus on the premium segment of the market," the report states.

Bahrain's construction sector growth on track

The lowest figure since 1978, when the Japan Automobile Dealers Association began compiling relevant data, was attributable to weak sales of new vehicles that led to an undersupply of used ones.

Used car sales fall 4.6% in October

"Pressing issues being debated, such as homelessness and housing costs, are rooted in chronic undersupply of new housing."

HOUSING SUPPLY 'CHRONIC' your money

sa s id: a bo Pr Pshc Pressing issues being debated, such as homelessness and housing costs, are rooted in chronic undersupply of new housing."

HOUSING SUPPLY 'CHRONIC'

"In Abu Dhabi there is actually an undersupply across the market ...

Humpty House: Dubai house prices to fall another 10 percent --poll

Summary: RIYADH/DUBAI: Saudi King Abdullah's bumper cash pledge to build more homes shows the kingdom's intent to address vast undersupply in the world's biggest oil exporter, but there is no quick fix for its property woes.

Saudi cash boost no quick fix for property woes

Turkey's automotive industry _often considered as the locomotive of the country's economy_ saw for the first time an undersupply in 2010 with an all time high of 760 thousand vehicles sold to break a record of 738 thousand back in 2005.