Definition, Meaning & Synonyms

scarce resources

Noun Phrase

/skɛrsi rɪˈsɔrsɪz/

Definition

Scarce resources refer to materials, commodities, or assets that are limited in availability, making them difficult to obtain.

Examples

Water is considered a scarce resource in many arid regions.
The government implemented policies to manage the allocation of scarce resources effectively.
During the drought, farmers struggled due to the scarcity of water resources.

Meaning

The term highlights the situation where the demand for certain resources exceeds their supply, leading to competition and potential conflict over their usage.