The example you provided best fits the category of physical scarcity. This occurs when natural resources are limited or depleted due to environmental factors, such as drought in this case, which affects the availability of freshwater.
Which form of scarcity would apply to the following example? A city experiences a period of drought in which rivers and ground water, whales dry up, so there is no freshwater available.
Artificial scarcity
Physical scarcity
Political scarcity
Economic scarcity
1 answer