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Definition of scarcity noun from the Oxford Advanced American Dictionary

 

scarcity

 noun
noun
NAmE//ˈskɛrsət̮i//
 
[uncountable, countable] (pl. scarcities)
 
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if there is a scarcity of something, there is not enough of it and it is difficult to obtain it synonym shortage a time of scarcity a scarcity of resources
See scarcity in the Oxford Advanced Learner's Dictionary
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