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.
Keo Woolford, an actor on the CBS show Hawaii Five-0, has died. He was 49. Woolford, who wrote, directed and produced the 2013 independent film The Haumana, died on Monday afternoon at a hospital in Oahu, Hawaii, three days after suffering a âsevereâ stroke on Nov. 25, his publicist Tracy Larrua confirmed to PEOPLE.