ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They economy losses money in additional costs
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The economy is boosted by healthier citizens
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Either A or B
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None of the above
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Detailed explanation-1: -Economic attributes of water use. Water provides four types of important economic benefits: commodity benefits; waste assimilation benefits; aesthetic and recreational benefits; and fish and wildlife habitats. Individuals derive commodity benefits from water by using it for drinking, cooking and sanitation.
Detailed explanation-2: -An estimated $260 billion is lost globally each year due to lack of basic water and sanitation.
Detailed explanation-3: -When Biological Oxygen Demand – a measure of how much organic pollution is in water and a proxy measure of overall water quality – crosses a certain threshold, GDP growth in downstream regions drops by as much as a third because of impacts on health, agriculture, and ecosystems.
Detailed explanation-4: -If you save water it can save your money bills. Reduction in interior water use cuts waste water flows, especially overflowing of gutters which contaminates the environment. Environment benefits include eco system and habitat protection. Water conservation helps in improving the quality of your drinking water.