Term scarcity Definition: A pervasive condition of human existence that exists because society has unlimited wants and needs, but limited resources used for their satisfaction. In other words, while we all want a bunch of stuff, we can't have everything that we want.
EGYPTIAN FOOT: the toe is longer than the second finger ROMAN FOOT: the toe is as long as the second finger GREEK FOOT: the second finger is longer than the toe.
Currency Egyptian pound (EÂ£), guinay in Arabic, divided into 100 piastres (pt). Exchange rate The government sets the exchange rate, and it is fairly stable, changing incrementally only every few years. There is no real black-market exchange.