scarcity of commodities

USAGE SUMMARY

The phrase "scarcity of commodities" is correct and usable in written English.
It can be used in discussions about economics, resource availability, or market conditions where there is a limited supply of goods. Example: "The scarcity of commodities has led to increased prices and competition among consumers."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Mr Faber argues that it was the plunge in oil prices in the mid-1980s, as much as the arms race with America, that led to the collapse of the Soviet Union.Furthermore, the presence of commodities in "nasty" countries often makes scarcity worse.

The Economist

The global metal-theft epidemic conjures a Mad Max world of desperate people mining civilization's infrastructure — a postcard from a future era of commodity scarcity.

The New Yorker

With those scarcities came price increases, and chronic shortages were reported in a number of commodities, including detergents, soaps, and paper products.

Encyclopedia Britannica

If a selected basket of commodities became more expensive over the coming decade  — which would signal scarcity caused by a crowded planet — Mr. Ehrlich, an ecologist, would win the bet.

The New York Times

One such commodity is the scarcity of the water resources.

Applied Water Science

We want you to hear directly from us that it's true -- we are experiencing a temporary scarcity of our nation's most precious commodity: Liquid Gold".

Los Angeles Times

Since society has a collective interest in conserving resources, an interest not reflected in the market prices of commodities, recycling might very well reduce profit but at the same time increase welfare and, as with corporate philanthropy, that is what CSR is about.The trouble is, the notion that the market prices of commodities fail to reflect their scarcity is wrong.

The Economist

An index of commodities slumped.

The New York Times

The dance of commodities resumes.

The Guardian - Books

Agudelo is that most precious of commodities.

The New York Times

Second, tokenization of commodities will enable commodity hedging and financing.

Forbes

Expert writing Tips

Best practice

When discussing "scarcity of commodities", specify the particular commodities to provide context and clarity. For example, mention "scarcity of essential commodities" or "scarcity of agricultural commodities".

Common error

Avoid using "scarcity of commodities" without specifying which commodities are scarce, as it can lead to confusion and lack of focus. Be specific about the products or resources affected.

Linguistic Context

The phrase "scarcity of commodities" functions as a noun phrase that describes a state of limited availability of raw materials or primary goods. It typically acts as the subject or object of a sentence, indicating a problem or condition.

Expression frequency: Missing

Frequent in

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Formal & Business

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Less common in

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Ludwig's WRAP-UP

The phrase "scarcity of commodities" describes a situation where raw materials or primary goods are in limited supply. While Ludwig indicates that there are no direct examples available to analyze, the phrase itself is grammatically correct and commonly used. It's important to specify the commodities in question to provide context. Related terms include "resource depletion" and "shortage of supplies". When using this phrase, be specific to avoid overgeneralization.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

deficiency in commodities

Points out the inadequacy in the quantity of raw materials.

inadequate commodity supply

Highlights that the quantity of raw materials is not sufficient.

shortage of supplies

Emphasizes the insufficient quantity of materials.

limited availability of goods

Highlights the restricted amount of products in the market.

reduced supply of materials

Indicates a decrease in the amount of available materials.

market scarcity of products

Emphasizes that the lack of products is specifically affecting the market.

resource depletion

Focuses on the exhaustion of natural resources.

dearth of goods

Implies a severe scarcity or lack of products.

lack of resources

Indicates an absence of necessary materials or means.

commodity crunch

A more informal way to describe a serious shortage of raw materials.

FAQs

How does "scarcity of commodities" affect the economy?

The "scarcity of commodities" typically leads to increased prices, decreased production, and potential economic instability. It can also drive innovation in resource management and the search for alternative materials.

What are some common causes of "scarcity of commodities"?

Common causes include natural disasters, geopolitical instability, increased demand, supply chain disruptions, and environmental degradation. These factors can all contribute to a "shortage of supplies".

What's the difference between "scarcity of commodities" and a "limited availability of goods"?

"Scarcity of commodities" refers specifically to raw materials and primary products, while "limited availability of goods" can refer to any type of product, including finished goods. Scarcity often impacts upstream production, whereas limited availability is often a downstream concern.

How can businesses prepare for potential "scarcity of commodities"?

Businesses can diversify their supply chains, invest in resource-efficient technologies, develop alternative materials, and implement robust risk management strategies to mitigate the impact of potential shortages.