Effective factor scarcity or scarce in that effective factor (该有效要素稀缺 gāi yǒuxiào yàosù xīquē) is the opposite of factor abundance. It means that the supply of a certain factor of production in one country or region is less than that in another country or region.
- 有效 (yǒuxiào) derives from
- 要素 (yàosù) as in key factor (关键要素 guānjiàn yàosù) or common factor (共同要素 gòngtóng yàosù).
- 稀缺 (xīquē) as in scarce goods (稀缺商品 xīquē shāngpǐn) or rare species (稀缺物种 xīquē wùzhǒng).
Also see: scarce in that factor, factor.» Add a new term or correction« Back to Glossary Index