Water
Scarcity...
On
a pleasant Morning, my Mother and I sat together to have a cup of coffee.
Suddenly I thought of asking my mom about our city Madurai. When I asked her,
she said she thinks of water scarcity in Madurai. Then I realized that it is so
true that people all over Madurai are affected by water scarcity. Then I had a
flash back of my school days..... My Economics teacher was teaching us a lesson;
she mentioned that "Water used to be a free good." The term
"Free Good" represent goods that are gifts of nature, they
are not scarce and do not have a value in exchange. But now Water became an
economic good that is goods commanding price in the market, they are scarce and
have a value in exchange. What a pity on us that water still is a gift of
nature but needs money to reach everybody's home.
During
this summer as a kid even I have to think twice of the usage of water. So we
the people of Madurai city should also be cautious about use age of water
because Water performs as a basic need of our life now and forever..... "A
French Economist Jean-Baptist Say (1767-1832) stated that "Supply creates
its own demand." That is of course true because right now "Water
supply creates its own demand."
By
Anthea.Isaac
(A proud economics student...)
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