scarcity
US /ˈsker.sə.t̬i/
UK /ˈsker.sə.t̬i/
1.
the state of being scarce or in short supply; shortage.
:
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The scarcity of water in the region is a major concern.
•
Economic theory often deals with the problem of scarcity.
the state of being scarce or in short supply; shortage.