ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A decision that a community might have made when there was water scarcity.
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A trade-off that one person could have made to save water.
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An opportunity cost.
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None of the above
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Detailed explanation-1: -A classic example of this is the Aral Sea, which was once the world’s fourth largest body of inland water but has shrunk to a fraction of its former size because of the diversion of its inflowing rivers for agricultural irrigation.
Detailed explanation-2: -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.
Detailed explanation-3: -Water scarcity has been defined as the “volumetric abundance, or lack thereof, of freshwater resources” and it is thought to be “human-driven". This can also be called “physical water scarcity". There are two types of water scarcity: physical water scarcity and economic water scarcity.
Detailed explanation-4: -Sustainable water management. Improving water infrastructure must be a priority, as water conservation and efficiency are key components of sustainable water management. Reclaimed water. Pollution control & better sewage treatment. Awareness & Education.