How can someone predict there will be fuel scarcity right before it occurs (e

Scarcity refers to a condition in which the raw materials used in the production of goods and services are finite. Therefore, goods and services supplied fall short of the amount that is demanded. Scarcity affects the economy negatively.

Fuel is one of the materials that is heated to provide energy for use to do various work. Fuel is a productive resource and therefore it is scarce in nature.

A decreasing market share for the fuel company is a predictor of fuel scarcity .Market share refers to the total portion of sales of a particular company?s product in the entire market. All companies which desire to make profit strive to have higher market share. A lower market share for the fuel company foretells of fuel scarcity. Lower market share is an indication of a smaller portion of sales of fuel in the entire market. However, the sales for fuel should always remain higher because of the fact that their demand is always higher than the supply. Therefore, small sales indicates that the availability of fuel is going down and as a result its scarcity.