smallness of quantity; scarcity; scantiness: a country with a paucity of resources.
smallness or insufficiency of number; fewness.

1375–1425; late Middle English paucite < Latin paucitās fewness, derivative of paucus few; see -ity Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
paucity (ˈpɔːsɪtɪ)
1.  smallness of quantity; insufficiency; dearth
2.  smallness of number; fewness
[C15: from Latin paucitās scarcity, from paucus few]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Cite This Source's 21st Century Lexicon
Main Entry:  paucity
Part of Speech:  n
Definition:  an insufficiency; dearth
Etymology:  Latin paucus 'little''s 21st Century Lexicon
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Word Origin & History

c.1425, from O.Fr. paucité (14c.), from L. paucitatem (nom. paucitas) "fewness, scarcity," from paucus "few, little," from PIE base *pau- "few, little" (cf. L. paullus "little," parvus "little, small," pauper "poor;" O.E. feawe "few," fola "young horse;" O.N. fylja "young female horse").
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
We would never allow this paucity of journalism in print.
Eventually, frustrated with the paucity of tools for working directly with the
  brain, he started building his own.
Despite a paucity of evidence, it could be a generational thing.
Markets might have treated this as evidence of a lack of imagination, or a
  paucity of profitable projects.
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