Scarcity

Scarcity is the economic condition of limited availability of a resource relative to the demand for it. It is a fundamental concept that drives competition, prioritization, and decision-making across various sectors, from technology to geopolitics.

Why it’s in the news: It is in the news now due to persistent shortages in critical supply chains, such as computer memory, and the growing geopolitical challenges in securing essential resources.

Latest on Scarcity

• Smaller phone and laptop makers dig in for years of memory scarcity
• The geopolitics of scarcity: Why middle powers must learn to prioritise
• Fervo-Google geothermal deal underscores baseload power scarcity, analysts say
• Zero-sum thinking will fuel resentment and scarcity
• The scarcity mindset is killing creativity, not AI
• Scarcity in the age of AI: Why human value is rising
• When infinity becomes finite: How will Yayoi Kusama’s death influence the art market?

Connections

3 entities linked to Scarcity across the news graph.