ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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increased stability of water supply, despite government problems
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increased government regulation of water supply
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lower water prices throughout the region
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None of the above
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Detailed explanation-1: -In general, privatization assists governments in saving money and increasing efficiency. Privatization is important for any economy because it allows private businesses to compete fairly, resulting in fair pricing of goods and services.
Detailed explanation-2: -Yet the privatisation of water is expanding across the globe, and with devastating effects: waste dumping in the Global South, sewage leakages into water bodies supplying poorer communities, and ongoing shortages-all during the greatest climate crisis humans have ever seen.
Detailed explanation-3: -Privatization increases competition by allowing more and more private firms to try their hands in the industry. More competition among private entities naturally brings out efficiency and imposes quality restrictions on them.
Detailed explanation-4: -It creates more opportunities to build efficiencies into the system. Privatization can reduce political influences. It can lead to infrastructure investments. Privatization increases the levels of competition in the water industry. More items •25-Oct-2019