What is another word for economy of scarcity?
Pronunciation: [ɪkˈɒnəmi ɒv skˈe͡əsɪti] (IPA) 
The phrase "economy of scarcity" refers to a system in which resources are limited or difficult to obtain, leading to competition and prioritization of needs. There are several synonyms that can be used to describe this concept, including "limited resources economy," "scarcity-based economy," or "resource poverty economy." These terms highlight the reality of a system where there simply isn't enough to go around, where people must make hard choices about how to allocate resources and where the most basic human needs are constantly in danger of going unmet. Understanding these synonyms can help deepen our understanding of the challenges inherent in a scarcity-based economic system, and spur us to work towards creating a more equitable and sustainable future.
