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What do economist mean when they state that a good is scarce?

Answer:
If a good is available to everyone in unlimited quantities at zero cost and effort, like the air we breathe, it is abundant. Everything else is considered scarce.

Anything that can be traded or bartered is scarce by definition, scarcity is what gives a good economic value. The only scenario in which a good is not scarce is when nobody wants more of it even when they can have it for free.
First answer by J-g-faustus. Last edit by J-g-faustus. Contributor trust: 44 [recommend contributor recommended]. Question popularity: 4 [recommend question].

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