In the world of today, markets have evolved into dominant forms that determine how people use, produce, and consume resources within an economy. Thus, in a water scarce world, it is possible to consider water as a commodity, with its use being decided by the market for water in a regional or national context. This brief essay presents a discussion about the historical forces that caused markets to replace other economic systems, the distinguishing features of a market economy and the place of water as a commodity within the market economy system.
Details
- Publication Date
- Oct 2, 2011
- Language
- English
- Category
- Business & Economics
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Farrukh Khan
Specifications
- Format