Definitions and Basics. In economics, scarcity refers to limitationsâinsufficient resources, goods, or abilities to achieve the desired ends. Figuring out ways to make the best use of scarce resources or find alternatives is fundamental to economics. Scarcity and Choices, at SocialStudiesforKids.com. Think of a thing that you like to have.
Unfortunately for the group, Shannon Hoon, lead singer for Blind Melon, is now dead. He died of an accidental overdose of cocaine and alcohol on October 21, 1995. He was known to have a taste for hard drugs and had been to rehab earlier in the year.
Lord suffered from Alzheimer's disease for two years before his death. He died of congestive heart failure at his home in Honolulu, Hawaii, on January 21, 1998, at age 77, leaving an estate of $40 million. He was a philanthropist and the entire estate went to Hawaiian charities upon his wife Marie's death in 2005.