AP Psychology

study guides for every class

that actually explain what's on your next test

Scarcity

from class:

AP Psychology

Definition

Scarcity refers to the limited availability or shortage of resources (such as time, money, or goods) compared to unlimited wants or needs.

"Scarcity" also found in:

Subjects (62)

© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.