scarcity

noun

1. (uncountable)The condition of something being scarce or deficient.

   “Praise […] owes its value only to its scarcity.”

   “To understand the events of the next fifty years, then, one must understand environmental scarcity, cultural and racial clash, geographic destiny, and the transformation of war.”

2. (countable)An inadequate amount of something; a shortage.

   “a scarcity of grain”

   “The crucial and intersecting challenges of scarcities, both emerging and intensifying, will consume China’s custodians over the next decade.”