ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Agriculture (farming)
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Industry (making products)
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Domestic (at home)
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None of the above
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Detailed explanation-1: -Beyond the use of freshwater as a habitat, freshwater is also an important resource in other economic activities, such as agriculture. According to one estimate, about 70 percent of the world’s freshwater is used for agriculture.
Detailed explanation-2: -Around 70 percent of freshwater withdrawals go into agriculture.
Detailed explanation-3: -Agriculture is the largest water user worldwide, accounting for 70 percent of total freshwater withdrawals on average3 – but these amounts can reach as much as 95 percent in some developing countries.
Detailed explanation-4: -India has 18% of world population, having 4% of world’s fresh water, out of which 80% is used in agriculture.
Detailed explanation-5: -More than 60% of irrigated agriculture and 85% of drinking water supplies are dependent on groundwater.