ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A. Wants
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B. Spending
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C. Scarcity
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Abundance
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Detailed explanation-1: -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-2: -We need to conserve water for the following reasons: i) Overexploitation of underground water results in the lowering of water table. ii) The loss of vegetation causes drought and reduction of rainfall. iii) Irrigation utilises more than 90% of the total fresh water. iv) Increased population has led to water scarcity.
Detailed explanation-3: -Major Causes of Water Scarcity Increased human consumption. Overuse and wastage of water. A global rise in freshwater demand. Overuse of aquifers and its consequent slow recharge.
Detailed explanation-4: -Dams and Reservoirs. Rainwater Harvesting. Aqueducts. Desalination. Water Reuse (Water Recycling) Water Conservation. 05-Sept-2022