ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A lot of water
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A lack of water
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Either A or B
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None of the above
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Detailed explanation-1: -The issue explained. Water scarcity is a relative concept. 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: -Water scarcity is defined as a water deficiency or a lack of safe water supplies. As the population of the world grows and the environment becomes further affected by climate change, access to fresh drinking water dwindles. Globally, 785 million people lack access to clean drinking water.
Detailed explanation-3: -Water scarcity refers to the situation where potable, unpolluted water is lower than the demand in a region.
Detailed explanation-4: -Water scarcity is a condition when there are insufficient freshwater resources to meet the human and environmental demands of a given area. Of all the water found on Earth, 97.3% is saltwater contained in the oceans which is not suitable for direct human consumption.
Detailed explanation-5: -Water scarcity is the shortage of freshwater resources in an area or an imbalance between demand and supply of the human and environment, either due to low rainfall or improper sanitation.