scarcity
UK: ˈskeəsəti | US: ˈskersəti
n. the state of being in short supply; insufficiency
n. rarity or infrequency of occurrence
The word "scarcity" derives from the Old French escarseté (modern rareté), meaning "lack" or "shortage," which itself comes from the Latin excarpsus (past participle of excerpere, "to pick out"). The root "scarce" entered Middle English via Anglo-Norman, originally implying "restricted" or "minimal." The suffix "-ity" (from Latin -itas) transforms adjectives into nouns denoting a state or condition. Thus, "scarcity" literally means "the state of being scarce." Over time, its meaning expanded to encompass both physical shortages (e.g., food scarcity) and abstract rarity (e.g., scarcity of talent).
Water scarcity is a critical issue in arid regions.
The scarcity of affordable housing has led to rising rents.
Diamonds are valuable due to their scarcity.
Economic policies often address resource scarcity.
Her paintings are prized for their scarcity and unique style.