Freedonia, Fredonia or Fredon is the name given to several fictional countries. The name was used for some aspects of the United States in the 19th century, and later popularized by the 1933 Marx Brothers film Duck Soup where it was the name of the fictional country in which the film was set.
Scarcity is considered an economics problem with human wants or desires with limited resources, since we have limited resources not everyone can have what they want.
