paucity - Meaning in Telugu
paucity - Meaning in Telugu
paucity Word Forms & Inflections
Definitions and Meaning of paucity in English
paucity noun
- an insufficient quantity or number
Synonyms
dearth
Synonyms of paucity
Description
In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good." If the conditions of scarcity didn't exist and an "infinite amount of every good could be produced or human wants fully satisfied ... there would be no economic goods, i.e. goods that are relatively scarce..." Scarcity is the limited availability of a commodity, which may be in demand in the market or by the commons. Scarcity also includes an individual's lack of resources to buy commodities. The opposite of scarcity is abundance. Scarcity plays a key role in economic theory, and it is essential for a "proper definition of economics itself".
Also see "Scarcity" on Wikipedia"The best example is perhaps Walras' definition of social wealth, i.e., economic goods. 'By social wealth', says Walras, 'I mean all things, material or immaterial, that are scarce, that is to say, on the one hand, useful to us and, on the other hand, only available to us in limited quantity'."
What is paucity meaning in Telugu?
The word or phrase paucity refers to an insufficient quantity or number. See paucity meaning in Telugu, paucity definition, translation and meaning of paucity in Telugu. Find paucity similar words, paucity synonyms. Learn and practice the pronunciation of paucity. Find the answer of what is the meaning of paucity in Telugu.
Other languages: paucity meaning in Hindi
Tags for the entry "paucity"
What is paucity meaning in Telugu, paucity translation in Telugu, paucity definition, pronunciations and examples of paucity in Telugu.