ECONOMICS (CBSE/UGC NET)

ECONOMICS

BARRIERS TO TRADE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
This term refers to the limited Supply of something. Ex:Fresh Water in a desert.
A
Abudance
B
Scarcity
C
Quota
D
specialization
Explanation: 

Detailed explanation-1: -Environmental scarcity refers to the declining availability of renewable natural resources such as freshwater or soil.

Detailed explanation-2: -The issue explained. Water scarcity is a relative concept. The amount of water that can be physically accessed varies as supply and demand changes. Water scarcity intensifies as demand increases and/or as water supply is affected by decreasing quantity or quality. Water is a finite resource in growing demand.

Detailed explanation-3: -In most of the desert there is groundwater but is so far below the surface it can only be extracted at great expense, using drills to dig deep wells and pumps to bring it up. Some places that receive little or no rain receive water from rivers.

Detailed explanation-4: -There are two types of water scarcity: Physical water scarcity. Economic water scarcity.

Detailed explanation-5: -A xerophyte is a species of plant that has adapted to survive in an environment with little liquid water, such as a desert or an ice-or snow-covered region in the Alps or the Arctic.

There is 1 question to complete.