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.
'Star Trek' actor Anton Yelchin dies in freak car accident. Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds. A look back at people who died in 2016. British actor Kenny Baker, best known for playing R2-D2 in the Star Wars films, died Saturday, August 13, Baker's niece, Abigail Shield, told CNN. He was 81. Famous New Orleans jazz clarinetist Pete Fountain died Saturday, August 6, of heart failure.