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Deficit vs Scarcity - What's the difference?

deficit | scarcity |

As nouns the difference between deficit and scarcity

is that deficit is deficiency in amount or quality; a falling short; lack while scarcity is the condition of something being scarce or deficient.

deficit

English

Noun

(en noun)
  • Deficiency in amount or quality; a falling short; lack.
  • A situation wherein, or amount whereby, spending exceeds government revenue.
  • * 2013 September 28, , " London Is Special, but Not That Special," New York Times (retrieved 28 September 2013):
    • Economically, too, London is startlingly different. The capital, unlike the country as a whole, has no budget deficit : London’s public spending matches the taxes paid in the city. The average Londoner contributes 70 percent more to Britain’s national income than people in the rest of the country.
  • *

    • Synonyms

    * fiscal deficit

    Derived terms

    * fiscal deficit * trade deficit

    Related terms

    * defect * defection * defective * defector * deficiency * deficient

    External links

    * (wikipedia)

    References

    * ----

    scarcity

    English

    (wikipedia scarcity)

    Noun

  • (uncountable) the condition of something being scarce or deficient
  • * Rambler
    • Praise owes its value to its scarcity .
  • (countable) an inadequate amount of something; a shortage
    • a scarcity of grain

    Synonyms

    * dearth * deficiency * lack * infrequency * penury * rareness * rarity * want

    Antonyms

    * abundance * copiousness