Week 1 Scarcity

Scarcity is when there are limited resources. This means there isn't much of something or it is running out.

When I asked my sister what scarcity means, she said it is when there are finite resources.

An example she gave was there is over fishing, the amount of fish in the sea are scarce. An example for micro-society is we might run out of paper or glue and this means it is scarce.

My own example to help me remember the word is in Lidl, there isn't a lot of donuts to buy and that means this is scarce