Water, Water Every- where, nor any drop to Drink?
THE TRUTH ABOUT WATER
- Water is an economic good and not unique
- With proper market pricing of water, people will economize on water usage just like any other good
- Water is being wasted and depleted because thereis no incentive to conserve since it is priced well below equilibrium and usage based on “use it or lose it” in major (i.e. agricultural) uses