ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Physical water scarcity is caused when there is naturally a lack of water in an area, while economic water scarcity is caused when humans alter a once useable water source.
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Physical water scarcity is caused solely by droughts, while economic water scarcity is caused by humans’ contamination of water.
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Physical water scarcity is caused by a natural lack of water in an area, while economic water scarcity is caused by a region’s inability to afford water.
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Physical water scarcity is caused by humans’ contamination of a water source, while economic water scarcity is caused by the lack of natural water sources in an area.
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Detailed explanation-1: -Physical water scarcity refers to a situation where natural water resources are unable to meet a region’s demand, while economic water scarcity is a result of poor water management resources.
Detailed explanation-2: -Physical scarcity occurs when the demand of the population exceeds the available water resources of a region. Economic water scarcity occurs when water is adequate, but is unavailable due to a lack of significant investment in water infrastructure (IWMI, 2000; Rijsberman, 2006).
Detailed explanation-3: -description. Economic water scarcity is due to a lack of water infrastructure in general or to the poor management of water resources where infrastructure is in place. The FAO estimates that more than 1.6 billion people face economic water shortage.
Detailed explanation-4: -Water scarcity is often divided into two categories: physical scarcity, when there is a shortage of water because of local ecological conditions; and economic scarcity, when there is inadequate water infrastructure. The two frequently come together to cause water stress.
Detailed explanation-5: -Water scarcity refers to the situation where potable, unpolluted water is lower than the demand in a region. According to recent reports, nearly 1.2 billion people lack access to clean drinking water. Furthermore, water shortages can cause a variety of illnesses which can range from food poisoning to cholera.