scarcity
nounUK /ˈskeə.sə.ti/
US /ˈsker.sə.t̬i/
Scarcity means there is not enough of something for everyone.
The scarcity of water in the desert made it hard for plants to grow.
OTHER MEANINGS
2. A very small amount of something that is hard to find.
There was a scarcity of fresh fruit in the winter.
3. The state of being rare or uncommon.
The scarcity of the old coin made it very valuable.
4. In economics, the limited supply of resources compared to people's wants.
Scarcity forces people to make choices about what to buy.