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.
Hoyt Axton died of a heart attack at his home in Victor, Montana, on October 26, 1999, at the age of 61, after suffering a massive heart attack two weeks earlier. On November 1, 2007, he and his mother were inducted posthumously in to the Oklahoma Music Hall of Fame in Muskogee, Oklahoma.