Grade K-2, 3-5
,
Activity

Oh Scarcity Sing-a-Long

Updated: January 5 2026,
Author: Council for Economic Education
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Standards

State Standards

Concepts

Allocation, Basic Economic Concepts, Scarcity
 Open Activity

There’s nothing quite like a song to help students remember new vocabulary. Oh, Scarcity is one of many songs you can find in the Econ Song Book. https://econedlink.org/wp-content/uploads/2019/04/econ-song-book.pdf   Thank you to Shanan Riegle’s fifth grade students at Yorktown Elementary in Indiana for performing this song.

Oh, Scarcity (Lyrics by Martha Hopkins)
Tune: Oh, Christmas Tree

Oh, scarcity! Oh, scarcity!
We can’t have all the things we want.
Oh, scarcity! Oh, scarcity!
We cannot have it all.

We really want a lot of stuff.
But sometimes there’s just not enough.
Oh, scarcity! Oh, scarcity!
We cannot have it all.

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