scarcity
B1CEFR level
25/100Rarity: fairly common
TechnicalRegister
The fundamental economic condition in which finite resources are insufficient to satisfy unlimited wants.
Scarcity is the starting point of economics, forcing every society to make hard choices.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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