👉 "Scarcities" is a term in economics that refers to the absence of essential or necessary goods and services. These goods and services are often considered necessities for survival, such as food, clothing, housing, healthcare, education, and other basic needs. Scarcities can arise from a variety of factors, including limited resources (such as land, water, labor), corruption, environmental issues, and technological limitations. Scarcity is often seen as a problem in economic systems where there are too
